QUESTION: Your client is now impressed and convinced in what she has seen, still with some doubt and worry on technology, and wants to invest in the fund company. Discuss with her the fees in funds and investment management & advisory companies (7 marks in total).

a. What fees that clients pay to a fund and how do they impact on clients investment rate of return (2 mark)?

b. What are potential issues associated with human advisors biased and how does this create the trust problem in investors (2.5 marks)?

c. Do you think the entire portfolio management process can be entirely guided by robot adviser and AI to avoid the problems associated with human advisors (2.5 marks)?