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Article: Cover story: Time for a change.
- Article from:
- Professional Wealth Management
- Article date:
- September 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Yuri Bender
There has been much anecdotal evidence suggesting banks have closed their shelves to outside providers following the financial crisis, preferring to manufacture funds in-house and keep any profit to themselves. At the same time there are fund groups whose future lies in distributing products through third parties who swear the open architecture model is alive and kicking. So what is the truth about the current relationship between fund provider and distributor? And is it just a case of manufacturers needed to fine-tune their models in order to be a success?
According to the fund houses, which have teams allocated to servicing key ...
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