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Digital Subscriptions > > ‘ Active managers must explain their value to investors’

‘ Active managers must explain their value to investors’

On the money Lee Robertson, chief executive, Investment Quorum

The long-anticipated FCA report into asset managers finally landed last month. It makes for interesting reading for industry observers, and possibly uncomfortable reading for certain asset managers.

Most problematic is the proposed introduction of an all-in fee for retail investors that includes an estimate of all trading costs and not just headline costs. It has long been a complaint levelled at asset managers that total expenses and costs of ownership in published charging structures are anything but total.

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