Issue #3

The more I work in investment management, the clearer it becomes that we, as individuals, cannot invest our wealth efficiently. Lack of time, knowledge and/or interest, combined with behavioural biases, mean we need help.

But who can we trust and rely on? Whoever it is needs to be 'willing and able'. Willing means being aligned with our goals. Able means having the information and capabilities to deliver efficient investment solutions.

Existing intermediaries - pension funds, fund houses and private banking groups, and financial advisors - do not provide efficient solutions for us.

It is a very sizeable problem. Unfortunately, the costs are diffused across all of us, while the benefits concentrate on a smaller number of industry participants. They are happy with the status quo.

As such, change is needed, but it will not come from within. Only new entrants with a vision of a better industry. One that is willing and able to help us invest properly. To put our interests first.