Arguments about the effect of fees on investment returns have flared up again following a complaint to the Advertising Regulatory Board against an advertisement by Sygnia Asset Management.
“The advertiser appears to base its claim on a technical discussion paper published by the National Treasury more than a decade ago,” according to the ARB. A financial advisor might charge an upfront financial planning fee, and/or a concurrent management fee. The asset managers who place the investment in different funds charge a fee, as do the fund managers who manage the specific portfolio.
Investment products differ vastly, as do the ways investors invest over the years. A lump sum investment differs from a regular monthly investment, which differs when the regular investment increases every year, but the basic principle of the effect of the fees remains constant.
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