David Pitt-Watson on asset management fees — Video 1/3

Posted by Robin Powell on August 24, 2016

David Pitt-Watson on asset management fees — Video 1/3

 

“If success is defined as efficiently promoting our interests, then the financial system as it currently exists in Britain, the United States and elsewhere is failing. On the best evidence, it has not improved its productivity in over 100 years.”
David Pitt-Watson, London Business School

 

There are few people who know and understand the financial system better than David Pitt-Watson.

Educated at Oxford and Stanford, he worked in fund management for many years and, as co-founder and former Chief Executive Officer of the Focus Funds and Equity Ownership Service, David built and led the largest responsible investment group of any institutional fund manager in the world. Now an Executive Fellow of Finance at London Business School, he has been heavily involved in policy-making internationally, particularly in the areas of corporate governance and financial regulation.

His new book, What They Do With Your Money, explores the global asset management industry. Co-written with Jon Lukomnik and Stephen Davis, it explains how errant expertise and naïve regulation have combined to impose a huge stealth tax on our savings and our economies. It also lays out an agenda for tackling the misalignments that allow the financial industry to profit at our expense.

Over the next few days, we’re going to be running a series of three videos featuring David Pitt-Watson. In the first video, he explains why it’s so important that investors (both retail and institutional) focus on the fees and charges they pay to invest. He also tells us why he thinks there are now so many different layers of intermediation involved in asset management.




 

Related posts:

The shocking truth about UK fund fees

The less you pay the more you end up with

 

Robin Powell

Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.

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