Authored by Peter Grosskopf, CEO Sprott Inc.
It has been nearly a decade since I made a career change from investment dealer to asset management. Throughout that time, the asset management industry has continued to change dramatically, bringing many benefits to investors. These include overall fee compression, the ability to own almost every conceivable segment of the market through ETFs, some increased participation in "alternative" investment strategies, much-improved access to information and risk disclosure and the proliferation of fee-based accounts providing tailored investment advice. The markets have delivered strong overall returns globally and those who have not been fully invested have been punished as asset classes of all descriptions rose in tandem, fueled by reasonably strong economies and low-interest rates.