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.
If I had £1 for every time I read that index funds are too heavily concentrated in big US tech stocks I would be a very rich man. It is undeniably true. The FT recently reported that the top ten companies accounted for 37.3% of the S&P 500, which, by historical standards, is a very high proportion. Even more remarkably, just 26 stocks made up half the entire value of the index — the lowest number since at least 1980. Several market commentators have warned that rising levels
Robin Powell
Jan 17, 20255 min read
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