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Private Investment Office Independent Investment Advice Investment Management Talent Trustees Investment Responsibilities Agents of Wealth Management and Stewards of Wealth Management Wealth Management Wealth Preservation and Stewardship Concentrated Family Stock Position Family Office Investments Family Philanthropy Multi-client Family Office Charity Investments Bespoke Fund of Funds Manager of Fund Managers Monitoring Fund Managers Discretionary Management Manager Selection Asset Monitoring Individual Asset Allocation Tactical Asset Allocation Research |
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Independent Investment Advice
What is independent investment advice?
Independent investment advice is investment advice which is free from bias or conflicts of interest. If investment advice, if such advice is implemented leads to an increase in revenue to the firm or person giving such advice then it is not independent investment advice. Independent investment advice should also be provided by firms which do not have any incentive to favour any one fund manager over another in giving such independent investment advice.
Providers of independent investment advice should not obtain any trails or commissions or any other form of remuneration other than an agreed fee from the client. In theory, performance fees negotiated with the investment advisor undermine the giving of independent investment advice as they favour the more volatile asset classes.
Many fund managers claim to give independent investment advice but whether they so give independent investment advice should be ascertained using the above test for independent investment advice. |