Increasing levels of regulation within the asset and wealth management industry may push wholesale investors more towards passive products as a result of greater scrutiny of underlying portfolio costs, according to new research undertaken by KPMG and commissioned by BlackRock.
A survey of over 130 UK financial advisers, wealth managers and private bankers undertaken by KPMG and commissioned by BlackRock found 55% of respondents said regulation would be one of the critical drivers...
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