Money Makers

What is a fair fee to pay for the services of a wealth manager or financial adviser? There is a widespread suspicion that in many cases the answer is: less than you are paying now - if only you could get behind the figures to find out what the real all-in costs, including add-ons, actually are. Next year new regulations will force managers of other people’s money to disclose much more information about their charges. In this latest podcast Jonathan Davis asks Graham Harrison, MD of Asset Risk Consultants (ARC), the company that monitors the performance of the great majority of private client firms in the UK, to explain how he thinks investors should work out what a fair fee is - and how best to get value for money in future. If Canadian experience is any guide, he says, the results could well surprise you - this is a must listen for anyone whose money is professionally managed.