Mickey Morrissey: Balancing cost versus value for money

In discretionary strategies

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Mickey Morrissey: "While lowering costs is one way to boost performance, it is only one piece of the jigsaw."
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Mickey Morrissey: "While lowering costs is one way to boost performance, it is only one piece of the jigsaw."

Low cost should never be confused with value for money, warns Mickey Morrissey, and yet the latter consideration can often be neglected when evaluating discretionary management strategies

The cost of investing has become a priority for regulators and investors alike. High costs can exert a meaningful drag on long-term returns and should undoubtedly form part of an adviser's decision-making...

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