A recent report from Standard & Poor’s (S&P), the SPIVA report, has uncovered that over 80% of Australian fund managers have underperformed the index over 15 years. Investing in a managed fund is generally perceived as an easier way to invest. It can be a set and forget exercise where the investor does not need to monitor their investments. However, the convenience of a managed fund comes at a cost. Management fees can often be quite high. Often these fees …
Fund Managers and Stock Brokers both strive to make profits for their clients or funds through buying and selling securities. However the strategies, time horizons and how they are paid differ significantly. Some investors prefer to write a cheque to a fund manager and leave it at that. Others prefer the hands-on engagement and transparency of a stock broker. Here we list the differences between each of the two roles. The role of a Stock Broker The job of a …
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