The financial advice sector has not "grasped the significance of segregated mandates" - particularly their potential long-term impact - AFH chief executive Alan Hudson has said.
IFA consolidator AFH has six funds structured as what has traditionally been an institutional-style investment, with the intention of passing the reduced cost that comes with this more direct approach onto the end-client. "There has been some discussion in the industry about segregated mandates recently but I don't think people have grasped the significance of this and where it is going," Hudson said. The funds are managed by BlackRock, Henderson, JP Morgan Asset Management, Jupiter, Lazard Asset Management and Schroders and offer discounts between 15% and 22% to clients. AFH introd...
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