Structured-product intermediaries can be worth cost

06/12/2009 | Citywire (U.K.)

The financial crisis has raised issues within relationships between investment banks and wealth managers, prompting some buyers to turn to structured-product intermediaries for advice. "For more esoteric structures, it is wise to take advice. If you have not traded in a particular market -- for example, dividend swaps -- how do you know that you are going to get honest pricing in structures or that the investment banks are not passing it off their books?" said Haig Bathgate, a discretionary wealth manager at Turcan Connell, which uses an independent intermediary.

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Citywire (U.K.)

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