We’ve seen our share of investor mistakes in our experience — it’s natural that an investor makes mistakes but doesn’t go on to repeat them. Yes, the markets change, circumstances change, but if an investor can learn from those bad decisions, they can become a better investor.
The answer is clearly a No and you should not pay exorbitant trustees fees. Trustees are entitled to “reasonable” compensation and state-of-the-art trust document normally explicitly provides for such in a separate charging clause.
IAP is very excited and proud to celebrate 20 years of providing families and entrepreneurswith expertise in asset management as well as withindependent wealthservices as trustee and company directors.
It is generally accepted that ‘performance’ is the overriding factor in selecting an investment manager. In my opinion, there are other factors of equal importance when choosing the right investment manager.