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More transparency needed to rebuild investor trust in HK FIs: Charles Schwab

More transparency is “urgently” required if Hong Kong’s wealthy place their trust in the city’s financial advisors, according to Charles Schwab, whose recent survey found that some 78% of Hong Kong’s rising affluent feel more knowledgeable than a financial advisor. This compares to just 47% of US respondents. “From the financial services perspective, the level of fee disclosure and simplification still…

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