8 February 2011

Investors awake and look after your interests!

'Price competition is largely absent from the (retail) financial services sector' writes Pauline Skypala, Editor of the FTfm Magazine (31 Jan 2011). She blames information asymmetry and lack of consumer engagement for this state of affairs. While we cannot expect all investors to attend university and learn about the most recent financial product innovations they can try to find outside help to defend their interests when dealing with financial advisers. High fees - not to mention risky investment strategies - present a serious drag on investment performance that can be reduced - if not eliminated - by careful analysis of fees, investment risk and performance statistics.