Trusts & Trustees Advance Access originally published online on February 10, 2009
Trusts & Trustees 2009 15(2):80-88; doi:10.1093/tandt/ttn131
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© The Author (2009). Published by Oxford University Press. All rights reserved.
The role of the investment consultant in the trustee world
*James. R. Day, Managing Director, Peritus Investment Consultancy, Walchestrasse 23, CH – 8006, Zürich, Switzerland. Tel: +41 43 299 4483, Fax: +41 43 299 4482, Email: james.day{at}peritus.co.uk
The current paralysis and increasing complexity in the financial services industry serve to highlight more than ever before, the increasing challenges faced by trustees when sourcing good, consistent and independent guidance from their advisors. The role and importance of an Investment Consultant has risen in direct relation to these challenges and whilst traditionally only Family Offices could afford the infrastructure, with today's enhanced communication and technology, the services have become more widely accessible. This article seeks to build a picture of the industry as it stands today, and to examine the merits and weaknesses of the industry. It provides guidance on the selection of investment consultants and to assess how the industry will look in the years ahead, given the challenges that the segment faces.