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Wealthy investors concerned about cost of investing

Research by the Royal Bank of Scotland has today highlighted the fact that many wealthy investors in UK, indeed 40% of those questioned, believe that their investment returns are being materially impacted upon by fees and other charges. This has long been a problem for the high net worth individual market were perhaps more time and more focus is given to tax efficient investing within the current taxation rules.

Unfortunately for many high net worth investors the government has in the past brought in retrospective rules which have proved to be very costly for some people. Due to the relatively high risks associated with an aggressive strategy of reducing your tax bill there is also an above average risks that the goalposts may be moved by the government at relatively short or even no notice. When you take into account this added risk and the higher than average costs associated with these particular investment strategies it is perhaps understandable that a number of investors are now beginning to question the level of charges they attract.

Indeed recent figures from the high net worth individual arena show that the average private banking client has seen their expected annual returns fall from 6.4% before the financial crisis to just 3.9% after the collapse. Perhaps investors are realigning their hopes for the future which could put pressure on fee levels in this particular specialist area of the financial arena.

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