McKinsey recommend the introduction of all in fees to provide better value to clients and a greater use of low cost products such as exchange-traded funds

← “The more investors of all ages I talk to, the more I realise that most people don’t really want to have much to do with the whole business. They don’t think of it as an exciting hobby; they think of it as being an unpleasant mixture of the boring and terrifying. They really wish someone else would do it for them.”

“Active fund management is a web of meaningless terminology, pseudoscience and sales patter.” →