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Growth of fiduciary management services could limit impartial referral advice, asset managers say

( April 5, 2018, 11:08 GMT | Official Statement) -- MLex Summary: The growth of investment consultants offering fiduciary management services could limit the level of impartial referral advice given to clients, asset managers have said. Fund managers said that firms that provide both investment consultancy services and fiduciary management services may be incentivised to offer their own products over others or recommend fiduciary products when an advisory-only service is more appropriate. They also noted that asset managers that only provide advisory investment consultancy services may be inclined to not recommend fiduciary management services in order to avoid losing clients.The summary of the roundtable discussion is attached...

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