Research conducted my MoneyFarm Products need to be made cheaper, unnecessary costs need to be eliminated and investors need to have more visibility over where their money is invested, what it is doing and how it is performing,” Paolo Galvani, chairman and co-founder of MoneyFarm, said. shows that 81% of private investors think investment advice is slanted to generate fees driving investors towards a DIY approach. The survey also found that the majority of people who invest in mutual funds are not aware they can get better returns by investing directly with their own money. Paolo Galvani, the firms Chairman and co-founder said both cost and complexity are both elements of the investment process that can be controlled; adding the technology available today, these factors should no longer be a concern when it comes to investing. MoneyFarm has called on the fund management industry to lower charges to improve returns and encourage investors to save more.
Research conducted my MoneyFarm shows that 81% of private investors think investment advice is slanted to generate fees driving investors towards a DIY approach. The survey also found that the majority of people who invest in mutual funds are not aware they can get better returns by investing directly with their own money. Paolo Galvani, the firms Chairman and co-founder said both cost and complexity are both elements of the investment process that can be controlled; adding the technology available today, these factors should no longer be a concern when it comes to investing. MoneyFarm has called on the fund management industry to lower charges to improve returns and encourage investors to save more.