Do MDAs Enhance or Dilute the Investment Process?
by Stephen C. Winks. “Mutual fund and insurance companies are enthusiastically entering the separate account business, and I only hope that with all their marketing power they do not lose sight of the consultative process and revert back to their more accustomed product orientation. For if we move to a homogenized client profile and automated list of hot dot managers, we are helping those who would push investment management consulting into the prospectus-driven mutual fund box.” – Peter Muratore. (Download article in pdf format.
