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How will next leg of price war hit discretionaries?
by Eleanor Lawrie on Jun 18, 2014 at 07:00
Sean Walsh, chartered financial planner and director at Ergowealth, said even though it appears DFMs are getting more competitive, clients are still getting stung by hidden costs.
‘There is downward pressure as clients become aware of the fees they are paying. We still do not have the transparency we would like over total expense ratios and they [platforms] are keen to keep it vague,’ he said.
‘They are offering more value than before, but it comes down to how well IFAs can negotiate.’
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