Talking Point  

Outsourcing costs weigh on advisers’ minds

“By outsourcing they are adding value to their relationship with the client by no longer having the burden of carrying out investment research, making asset allocation decisions and providing the ongoing management of the clients’ investments,” he explained.

According to Mr Barrett, advisers choosing to outsource to investment providers has been a "strong trend for a number of years", adding that it was increasingly rare that advisers are picking funds themselves.