"Fund houses turn against investment consultants"
I don't work in AM or any form of the consulting branch for that matter but there was a discussion in the area which I listened with great interest.
In the UK, the FCA is seeking more regulatory powers over investment consultants from the concerns of the amount of influence from the sector.
l In your industry, how is the pricing determined in the subjective / consulting / advisory side of the operation (let's say solely the advisory services to make the argument easier)?
l Do you agree with (broadly) the tighter regulation than as it is now in your given region? They say the greater regulation of the advice sector will lead to better services, better returns and such - which I'm not sure how the two can correlate other than removing the influence of hospitality or gifts or other forms of bribes and so on (i.e. conflicts of interest).
The value of assets managed by investment consultants is £60bn and 4% is the proportion of the assets under advice represented by fiduciary management.
Cheers
Oh, this is asked because the pals in the consulting industry seemed to partially disagree with it, citing improvements from the past.
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