Client reporting: What fund managers should be telling advisers

The reporting of anything can, of course, mean rather different things to different people. According to Oxford Dictionaries (online version, naturally) the word ‘reporting', in its guise as a noun, translates as ‘an account given of a particular matter, especially in the form of an official document, after thorough investigation or consideration by an appointed person or body.' Bringing this to bear in the financial world, the most important word in this description is ‘thorough'. Of course, this can be entirely subjective, but it would be valuable if, at some point, there was a more...