I need to set the record straight following last week’s story in Money Marketing headlined, Klonowski follows in Australian’s footsteps.
It is true that I am out-sourcing investment advice but only for the purpose of setting up and running client portfolios. This is not some-thing new but part of a pro-cess I have been working on for the past two to three years.
It is certainly not true that I have outsourced all invest-ment advice to Pivotal. They are one company I am hoping to work with but each client scenario is different. For some, a manager of managers will be appropriate, others may suit a fund of funds and there are several for whom a managed portfolio service is better. Given these differences, I do not envisage being able to ask one company to manage all client portfolios.
Klonowski & Co.