“Multiple” layers of fees and the foundations of nonsense

In the latest edition of the Blue Chip Journal our CEO and CIO, Brandon Zietsman CFA CAIA, debunks the “extra layers of fees” myth when it comes to Discretionary Fund Managers. 

There is seldom discussion around Discretionary Fund Managers (DFMs) which in itself is a descriptor laced with contradictions, that doesn’t get mired in “extra layer of fees” commentary. Like Donald Trump and Covid vaccines, it can be a polarising debate depending on whether you see value in DFM services or not. Unfortunately, the debate is flawed even as one gets into the real questions like, “What are you getting for the money?”, “Is it worth it?” and “Who should be paying?” 

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