Independent Wealth Management Forum 2019 HK - Exclusive Insights - Gary Dugan

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1. What’s the future of Discretionary and Advisory Portfolio Management?

Video transcript

1. What’s the future of Discretionary and Advisory Portfolio Management?

The discretionary portfolio management proposition is going to come well to the forefront. When we think of the global wealth industry, much of the money managed today is done on an advisory basis, but companies are realising that's a very expensive way of engaging with your client. And also, quite frankly, it's an inefficient way for clients to be investing their money; you delay a decision by a week or a month, and you've lost the opportunity. So, I do think that many of the financial firms will be making an added effort to get clients signed up for discretionary portfolio management. That's the only way they can bring down the cost to the client, and for their long-term investment returns to improve.

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