A 9 minute watch.
Lee Robertson, Octo’s very own CEO and former wealth manager, speaks at the NWL conference to give this thoughts on adviser fees and ask whether they are always ‘client-centric”.
He highlights the drag fees can have on returns, and that these “penalties” can actually “reverse compound” and get steeper the longer the relationship with the client.
He asks where “thoughtful advisers” might go in the future, how some already are and questions this by conceptualising a new adviser business that isn’t hamstrung by industry norms, but rather designed by starting with a blank sheet of paper.
6 December 2019
26 November 2019