Outsourcing investment decisions is a tough decision for many advisers, writes Lawrence Cook...
We all like to think of ourselves as being able to make rational and objective strategic decisions. However, the reality is that in many of the decisions we make, emotion plays a significant role - sometimes not even consciously. It is no different when it comes to considering the best investment solution for IFAs. When it comes to outsourcing, this emotion is particularly evident. Take the question of advisers picking funds or building portfolios for clients. Even though advisers are under huge pressure with ever increasing numbers of products out there, advisory permissions and r...
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