Chapter 1 of 4 - Impact of regulation on sub-advisory growth

An international panel of leading thinkers and pioneers of the sub-advisory model, including private banks and asset managers, discuss how regulatory changes are affecting the dynamics of the European distribution landscape. The ban on inducements is driving some distributors to delegate the management of clients’ assets to third-party managers to preserve their margin, but is this the main driver of sub-advisory? What are the benefits of this approach for end clients? How do private investors and advisers perceive sub-advised funds?