Paragon Capital Management CEO Paul Lee spoke to finews.asia about the advantages of external asset managers for clients and relationship managers, highlighting alignment between the two via fee-based advice.
One of the oft-cited advantages for clients being served by external asset managers (EAM) is the alignment of interests, especially when there is a fee-based relationship. This can contrast with relationship managers working at private banks that may need to fulfil various key performance indicators tied to sales or specific products.
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