In an article published by Private Asset Management magazine (PAM), Andy Hart, managing partner at Delegate Advisors, discusses the need for investors to be well informed and armed with information to avoid paying unknown or additional fees to their advisory team. Mr. Hart delves into questions investors should ask their advisory team, as well as the differences between fiduciary and private banking institutions. He explains to PAM: “Investors are undoubtedly getting smarter and more inquisitive when it comes to the fee models they’re working with,” he said. “But so many firms are still hiding fees in small print deep in their contracts - it’s so important to read everything you’re given and know that you are getting the deal that you think is being offered.”
Mr. Hart emphasized the need for better financial education for investors and the affluent, because some firms and institutions bury fees in the small print of contracts. He also added that many investors are prohibited from accessing a full range of investment opportunities because their advisory firms were unable to advise as a fiduciary would.
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From PAM’s website: Private Asset Management (PAM) – the industry publication that exclusively covers the wealth management and family office industry – brings to readers actionable information regarding best business practices, investment management and trust services.
It incorporates breaking industry news, people moves, in-depth trend articles and profiles on top multi and single-family offices and wealth management firms. In conjunction with Pam’s monthly breakfast briefings, the magazine advises, educates and fosters a sense of community and peer-to-peer networking opportunities.
PAM’s readership includes family offices, private bankers, money managers, high-net-worth units, hedge fund managers, consultants, concierge firms, lawyers and accountants.