Research conducted my MoneyFarm shows that 46% of private investors think investment advice is slanted to generate fees driving investors towards a MoneyFarm approach. The robo-advisor concluded from the survey that high costs and the complexity of products deter investors. Besides high costs, investors are concerned about the lack of transparency associated with active fund managers and financial advisers, MoneyFarm said. MoneyFarm , 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. DIY 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 46% of private investors think investment advice is slanted to generate fees driving investors towards a MoneyFarm approach. The robo-advisor concluded from the survey that high costs and the complexity of products deter investors. MoneyFarm , 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. DIY has called on the fund management industry to lower charges to improve returns and encourage investors to save more.