Time to give proper support to boutiques as a force for change

Greater support is a 'no-brainer'

It seems boutique firms are in an ideal position to showcase the best of what the actively-managed funds industry has to offer.

In particular, they pride themselves on being at the other end of the spectrum compared to the 'closet trackers' that have rightly attracted so much regulatory condemnation. According to New City Initiative (NCI), which promotes and supports boutique asset managers, its members also "align their interests with their clients' in a transparent manner and, more broadly, seek to encourage competition, innovation and consumer choice within the UK asset management industry". NCI urges FCA to support 'innovation and entrepreneurialism' in asset management Therefore, they are already in a ...