A well researched paper from our friends at InvestSMART on the long term impact of fees.

https://cdn-blob.investsmart.com.au/reports/InvestSMART_HowFeesCanDestroyYourWealth_2018.pdf

Our sense is that as this is better understood that there will be intense pressure to not only justify fees for services, but intense scrutiny of fees associated with investment products and the platforms that they sometimes require to be held on. When it comes to ‘clients best interests’ the long term impact of fees and ‘productisation’ could become a increasingly significant factor.