Graham Bentley: Paying the platform but not calling the tune

Effect of platform fees illustrated

clock • 6 min read

With the FCA now focusing its attention on value for money in the investment platform market, Graham Bentley considers whether advisers or their clients can be said to be enjoying the better end of the deal

Unlike other industries, ‘making-money-out-of-making-money' attracts various hangers-on whose contributions to the wellbeing of the client vary between symbiosis and parasitism. In the money management business, a different dynamic prevails - the gratification for a commercial transaction may be delayed for years. The Financial Conduct Authority (FCA) is now on a mission to recapture client value from the industry and, as with all crusades, there will no doubt be mounting casualties along the way. The regulator's First Crusade, the Asset Management Market Study, introduced proposals t...

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