STEPHEN CRANSTON: Top multimanagers … from creaky pioneers to young bucks
Alexander Forbes survey reviews a range of options — but do your research before choosing
Many of you probably thought you use a financial adviser for investment advice, just as you go to a doctor for medical advice or a lawyer for legal advice. But there is quite a complex food chain of advisers advising other advisers. Sometimes it seems as though financial advisers can give guidance on everything except what’s important: what investments will suit my needs and which investment managers will deliver this? Investment advice is spoonfed to them (with a few honourable exceptions). The feeders are now known as discretionary fund managers. Generally it is quite difficult to skip one laborious stage of the process by going straight to multimanagers. But no one can stop you from skipping the adviser and buying an on-the-shelf product such as a unit trust.The entire business model must come under threat as more sophisticated online robo-advisers are launched. In its Manager Watch survey, Alexander Forbes still uses the old-fashioned term multimanager. There is nothing to stop ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.