Are there additional outsourced costs for investing?

Some firms outsource the investment management to specialist fund management companies. This can give piece of mind to the investor as sadly most offshore advisors do not hold the relevant qualifications to give investment advice! I would ask what qualifications each advisor has when you meet them.

Yet you do pay the price for this service. A specialist fund manager will add a fee, normally 1%. Adding 1% to an all ready very expensive plan can erode any benefit.