FOR SUSTAINABLE, PROFITABLE, CLIENT-FOCUSED ADVISER FIRMS
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Average OCF discount of 44%
OCF of 0.4% to 0.6%
0.10% reduction in AMC
Why the flow to passives?
AB Bernstein report
Depressing margins further
Beware cyclical element
FCA Final Report due 28 June
Following acquisition of passives specialist Indexx Markets
In responses to Market Study