Wealthy people losing faith with managers over fees

The world's most affluent people are unhappy with the fees that they are charged by wealth management firms as well as the information and value-added services that they provide, according to a new report from French consulting firm Capgemini. The Covid-19 investment environment is only likely to increase client expectations on value delivered for fees charged, and most wealthy respondents said they were open to competing services from technology companies.  In short, the report…