Australian wealth management is gripped by an intense fee war, and on the surface, retail investors appear to be the clear winners. Driven by the relentless rise of low-cost exchange-traded funds and heightened regulatory scrutiny on value for money, choosing the cheapest investment option has become almost automatic.Superannuation trustees and financial advisers are understandably obsessed with shaving off basis points, as they are rightly focused on maximising net member and investor outcomes.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles