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You might think of wealth managers as stock-pickers who build an investment portfolio and occasionally monitor its performance – which is why many may question whether it’s actually worth paying for.
St James’s Place customers risk paying thousands more for specialist pension advice compared to its rivals, according to an investigation by The Telegraph.
Britain’s biggest wealth manager St James’s Place has long been under pressure to cut the charges customers face if they want to move their money elsewhere.
Key considerations when choosing one, plus the UK companies managing the most assets