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IFAs and “Governance Budgets” A quick thought I thought I would write up into a blog over my lunch… In researching some of the asset classes IP are planning on covering in the near future, I’ve been spending some time looking at so-called “Smart Beta”. It’s a really interesting concept (if you like that sort of thing) and surely has a place in the investment universe, but reading about it has highlighted what I think is an issue for advisers which I’m going to call “governance budget.” (Borrowing a term from my days working with DB pension fund trustees). My… continue reading