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Fees matter

It amazes me how many people invest using expensive reporting platforms where the adviser fee is linked to the size of the portfolios. Even worse, these advisers then invest into managed funds that add another layer of fees.  If the investment market goes up by 15%, should the adviser get a 15% pay rise? Even worse is where the fund manager charges a performance fee!  The market does what the market does.  Advisers and fund managers promising alpha (to beat the market) may be telling tall stories. And as far as paying themselves a performance fee benchmarked off cash returns –  in this market – words fail me.

 Fees do matter because at the end of the day, what is left is the return to the investor.