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Professional Wealth Management: Bespoke mandates turn house views into reality

Article on PWM’s twelfth annual sub-advisory research survey. Respondents believe increased regulation and the promise of enhanced returns mean the use of third party managers will continue to grow.

Around two thirds of respondents believe use of the sub-advisory model will grow in Europe over the next two years. Partly, this is a result of regulation such as the Retail Distribution Review (RDR) in the UK, and similar versions in Switzerland and the Netherlands, which have banned retrocessions, and the likelihood that MiFid II will prohibit kickbacks from 2017.
Read the full article here.