Wealth managers are there to seek counsel and guidance with your investment funds. Like a critical friend, they are there to help with strategy and suggest solutions to any financial queries. But what if your wealth manager is not helping you meet your financial goals? What are your options?
There has been a radical shift in client’s behaviour towards portfolio construction. No longer is there a requirement for costly active portfolios and instead, many would rather opt for passive low-cost investment products. With a range of advisors providing this offering, the market has become fiercely competitive.