“True transparency is rare”: Fountainhead Partners rebukes advisory fee model

Image: Nitin Verma on Unsplash

Private banks must take it upon themselves to be as transparent as possible about client fees or risk losing more high net worth clients to external asset managers (EAMs), Harry Pang, founding partner of Fountainhead Partners, told Asian Private Banker. “Most clients hold bank accounts, yet have little idea how much the bank truly earns. They remain largely in the…

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