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Lazy jibes are misplaced

Comment related to online article last week (Advisers hit back at ‘bone idel middlemen’ media attack) responding to a Daily Mail article sugesting advisers who recommend multi-manager funds are “lazy middlemen”

Comment related to online article last week (Advisers hit back at ‘bone idel middlemen’ media attack) responding to a Daily Mail article sugesting advisers who recommend multi-manager funds are “lazy middlemen”

I suspect the Daily Mail article in question does not outline that advisers undertake work assessing a clients ability to invest, their ATR, their tax position and also the ‘end game’ – amongst other things.

I am not sure that John Chatfeild-Roberts at Jupiter (or any other fund manager for that matter) would take a call from a client who has questions about such matters. 

We indeed use multi-manager and also multi-asset funds – sometimes as core holdings – given that they have the ability to make discretionary decisions on behalf of their investors and in some cases make tactical calls in terms of wider economic indicators. 

We also use funds which are neither, along with passives, investment trusts etc depending on the client’s circumstances. 

What we’re looking for is value – net returns after charges – not simply costs however from experience what clients often appreciate is that we add further value by being their advisers and guides…. something fund managers are not designed to be.

Paul Stocks

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