The price of advice
Article Abstract:
It can be very difficult for ordinary people to decide whether it is better to pay an independent financial adviser commission or fees. Some observers believe that payment by commission leads to a greater risk that an independent financial adviser will focus on products which offer higher payments, regardless of whether they are actually the best option for the client. Furthermore, high quality financial advice should involve discussing products which do not pay any commission at all. However, financial advisers who operate a fee system can make very high charges.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Going for broke?
Article Abstract:
Many fund managers in the UK have become 'broker fund' managers, forming special funds for their clients to invest in. Charges are much higher than those made by traditional life insurance and unit trust companies, but broker funds are claimed to offer an extremely specialised investment vehicle which meets the requirements of specific clients. In fact, broker funds have been shown not to perform particularly well, and they often exist mainly to support the independent financial advisory firms which offer them.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Comment about this article or add new information about this topic: