Financial advice consolidation in the UK has put private equity in control of hundreds of firms. Here's what vertical integration and hidden conflicts mean for your money.
A new academic study reveals what active fund management really sounds like behind closed doors. King's College London professor Crawford Spence interviewed 28 senior fund managers and found an industry that runs on faith rather than evidence — privately conceding it overcharges and underperforms, and now pivoting to retail investors as institutional clients leave. Here's what they say off the record, and how to stop paying for someone else's faith.
Robin Powell
May 78 min read
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