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

Financial Times· July 3, 2026

An industry leader has issued a warning regarding the lack of transparency in the wealth management sector, accusing firms of using 'deliberate obfuscation' over their fee structures. This development is significant for the industry as it underscores persistent challenges in client communication and the potential for increased regulatory oversight. The critique suggests that complex pricing models may be hindering investors' ability to understand the true cost of services.

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