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What’s the point of independent advisers?

Monday 1st of September 2014

So what is the point of independent advisers? This question was thrown to me in a three way discussion with an executive at a large fund manager and a legal/regulatory expert. Their views can be paraphrased as follows:

“Small independent advisers will not exist in the future.  They tell investors they review all available product and choose the best, but don’t have the resource...

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