Investment managers may deliver good value for private wealth management

Private wealth management through investment advisory groups could represent good value for money, according to research from an industry forum.

The Association of Investment Companies (AIC) today (July 6th) revealed almost a third of investment companies charge less than one per cent a year for their services, excluding pre-agreed performance-linked bonuses.

More than half of private wealth entrusted to investment managers is charged at less than 1.5 per cent a year, with retail-orientated sectors providing the best value for money, according to the financial specialist.

However, Ian Sayers, director general of the group, noted an increase in the amount requested by specialist investment companies, advising: ’Investors need to consider this alongside the other … criteria when making their investment decisions.’

AIC, a trade body established in 1932, greeted the recent release of the UK Stewardship Code enthusiastically, calling it ’an important first step’ towards improving accountability and reporting between investor companies and clients. ADNFCR-2318-ID-19875300-ADNFCR