from the editorGuided architecture a guided missile?

The current row between Cofunds and a large number of fund management groups over the increased charges for funds on the platform raises a number of important questions for the advisory community. Firstly, if the cost to the fund managers goes up, who at the end of the day picks up the tab for this? Does the adviser pay with reduced commission? Does the consumer pay through increased charges? Or are fund management groups expected to swallow the loss? The larger groups will probably swallow the cost but, for some of the small, boutique operations, this may be harder to do and they will ...