Private Banking Advisory: May 2005

Disclaimer

We are not registered as investment advisers in any jurisdiction and we do not provide investment advice.

We only provide advice on cost control as well as the monitoring and measurement of portfolio performance and risk.

Where required, we may also assist with the recruitment of suitable investment professionals.

The information available on the website is for your general information and education and intended for personal use only.

The information does not constitute any form of investment advice and should not be considered to be a recommendation with respect to any investment the reader may contemplate.

Investment decisions remain the sole responsibility of the investor or his investment advisers.

While fee-based accounts may reduce certain conflicts-of-interest they also offer pitfalls that an investor would be well advised to be aware of.

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16 May 2005

Fee-based Accounts - Are they suitable for you?

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