In this part 2 of my interview with Mark Polson, we talked about Centralised Investment Propositions and the Pie of Destiny.
The Pie of Destiny is one of Mark’s ingenious inventions, which shows what each part of the value chain is getting in term of fees/remuneration. Which part of this value chain is getting more than its own fair share?
One key trend among adviser is the use of outsourced model portfolios but these tend to charge on a percentage of asset. Is there anything wrong with this approach? Model portfolios really are a little more than intellectual property, why is that being charged as a percentage of the client’s asset