Wealth managers use ‘deliberate obfuscation’ over fees, industry chief warns

An industry leader has raised concerns regarding the lack of transparency in fee structures within the wealth management sector, alleging 'deliberate obfuscation' by firms. This warning highlights ongoing scrutiny over how investment costs are communicated to clients and the potential impact on trust within the industry. For wealth managers, these allegations underscore the increasing pressure to provide clearer, more standardized disclosures to meet regulatory and client expectations.