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Wealth managers hit back over claims of ‘murky’ costs
by Robert St George on Jun 04, 2014 at 08:09
‘It would take a brave fund manager to be entirely contrarian in their investment choices. We aren’t really concerned with what our competitors look for in funds; we focus solely on investing in third-party funds that fit with our investment strategy and desired fund characteristics. If other firms have the same fund choices, that is purely coincidental.’
He added: ‘As long as we can demonstrate to IFAs and their clients that our selection process is methodical with a clear rationale, that is the most important aspect.’
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