Discretionary fund managers are failing their customers by adopting opaque and expensive charging structures, according to a damning report.
Analysis of the DFM market for Skandia by consultancy the lang cat compared the total cost of ownership (TCO) for clients using one of five similar DFM services on seven different platforms. It found...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress