Nick Blake is head of retail of Vanguard Asset Management
Key points
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Net retail flows into tracker funds went from -£284.4m in 2006 to more than £2bn in both 2010 and 2011.
The combination of high fund management costs and the challenges of active management have arrived just as the UK advice industry has undergone its most significant regulatory transformation in decades.
Successful fee-based advisers employ some form of asset allocation process to determine the most suitable portfolio for their clients’ particular goals, time horizon and tolerance for risk.
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