Multi-asset insight: Rethinking value beyond cost

'Ultimately, the biggest risk to long-term returns is not fees, it's behaviour'

clock • 4 min read

In investing, as in life, price is what you pay - but value is what you live with, writes Madhushree Agarwal

It's an uncomfortable truth in today's fee-sensitive world: multi-asset and fund-of-funds solutions often look expensive at first glance.  In an era of fee compression and relentless scrutiny, that headline number can dominate the conversation. But focusing solely on cost is a bit like choosing something just because it's on sale - it feels like a win, but it doesn't necessarily mean it's good value, and more often than not, it ends up at the back of the cupboard.  For advisers, the challenge and the opportunity is to reframe the discussion. Not to deny that fees exist, but to articul...

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