The private investor’s view
Mon Jul 6, 2009
High-net-worth individuals want the same serious service as institutions and Francis Claessens’ London Wealth Peer Group is leading the fight.
High-net-worth individuals want the same serious service as
institutions and Francis Claessens’ London Wealth
Peer Group is leading the fight
By Pirkko Juntunen
The London Wealth Peer Group is the brainchild of Francis
Claessens, who set it up in 2008 as a way to bring together a
group of high-net-worth individuals (HNWIs). One of the goals
is to create common buying power and be able to negotiate more
institutional-like fees from asset managers, including hedge
funds. The operation is based on a collective bargaining power
that shares knowledge and connections.
In an increasingly complex investment environment,
high-net-worth individuals are focusing their efforts on value
for money from their asset managers and other service
providers, particularly as the complexity of the products on
offer increases. Claessens, a Dutch national now living in
London, points out that private investors are most shaken by
the 2008 blows to hedge funds...
ISSN: 2151-1845 / CDC10004H
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