good call @dinero. Magellan Financial has quietly begun offering significantly lower fees to wealth managers after resisting those demands for years. New product for managed accounts at 50bps lower than the global fund.
https://www.the australian.com.au/business/financial-services/magellan-financial-moves-to-fortify-funds-as-hamish-douglass-responds-to-poor-performance/news-story/bfd4cea60a8447fb8f07d893b0347b0c
Ann: Funds Under Management - November 2021, page-89
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