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Supersize fund consultants risk losing their touch

Institutional clients want a tailored service from advisers

An army friend now serving in Afghanistan spoke recently of feeling frustrated with his mission, which comprises a plan to gain the confidence of local communities.

How can he reassure the villagers, he said, when they know he will be gone in less than six months? They have no idea who will replace him. It may be someone from a different country. It may be no one.

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