Waking up to higher fees

An increasing number of high-net-worth investors are willing to place cash in structured products, according to Boston Consulting Group's (BCG) fifth report on global wealth published last month. It's a view shared by a number of other consultancies, not to mention optimistic private bankers and wealth managers. But BCG also notes that "price sensitivity is at its highest in the mass affluent and established wealthy segments" and that structured products are often used by institutions as means