Displaying 1 - 8 of 488 articles
Charlotte Ransom, CEO of Netwealth, said: “Financial planning and investment services are rightly seen as essential tools for protecting and growing capital throughout a working lifetime. While investment performance remains a major attraction, there is growing awareness of the impact high fees can have on long-term, net-of-fee returns and, ultimately, on financial outcomes.
“While investment performance remains a major attraction, there is growing awareness of the impact high fees can have on long-term, net-of-fee returns and, ultimately, on financial outcomes."
Research conducted by Netwealth found that out of 765 individuals with more than £500,000 of investible assets, 42% said they would consider switching to another firm because of their current provider’s high fees.
“Investors are increasingly asking whether the net returns on their investment pots truly justify the cost, especially in light of the consistent outperformance of strategies implementing lower cost passive funds compared to more expensive active managers in recent years.
Clients are choosing their wealth managers based on performance but abandoning them due to high fees, a new survey by Netwealth has revealed.
The Financial Conduct Authority’s proposals for targeted support represent a landmark shift in how financial advice and guidance can be delivered in the UK.
“People have been saying this for quite a while and nothing has happened,” as Wildgoose points out. But a catalyst for change this time could be the large number of firms being bought out. That is a “double-edged sword”, says Iain Barnes, chief investment officer of UK wealth manager Netwealth
Our CEO Charlotte Ransom is one of the contributors lending their expertise on inheritance tax and pensions ahead of more potential tax rises in the autumn Budget.
