Last week, we talked about what independent asset managers are, and what they can do for you (click here to read). Join us today as we list the key factors that you should consider when evaluating prospective independent asset managers:
Large asset management firms score over their smaller competitors on several counts. The in-house portfolio management expertise that a client will have access to will usually be stronger. In addition to this, it is likely that an independent asset manager that has assets under management of several billion dollars will have access to a wider range of products and investment options.
But you should not restrict your choice only to those firms that have many clients and which manage a large book of clients monies. You may do equally well, or even better, with a small firm.
Why is that? Firstly, if your portfolio is small relative to the
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