Structural biases block adviser use of investment companies - lang cat

In its survey of about 100 advisers, commissioned by the Association of Investment Companies (AIC), just a third (32%) of those surveyed used investment companies as part of their proposition.  Of those who did use them, a fifth (26%) employed them within model portfolios, with just more than two-fifths (42%) on an ad hoc basis and the remainder use them in both contexts.  The report added that more than half of the profession's main providers, platforms, consolidators and advice groups were integrated with at least three of the four elements of the value chain - advice, platform/prod...