Figures must be spelt out to the last penny

Asset managers may differ in how they account to clients for the costs they charge them

Asset managers may differ in how they account to clients for the costs they charge them. What they can all see, with a period of market turbulence all too fresh in memory, is that the industry must work harder to cultivate the confidence of the people whose money it manages.

One vital step is to lay out plainly in pounds and pence what clients are paying for and why.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.