This article appears courtesy of Global Investor.
You get what you pay for is one of those unhelpful adages that is usually only employed when what you pay for is a disappointment. It can also be manifestly untrue. The intricacies of modern commerce can shield any number of material facts on how business is conducted on your behalf: how do you know what you’re paying for? Your chief interest may be in the outcome of the transaction rather than the processes that led to it, but do you really know how your money is being spent?
The first years of this century saw what was arguably a breakdown in trust between investors and their professional advisers.
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