While most wealth managers say transparency in reporting is the name of the game, most aren’t doing a good job of it, according to a survey by SEI Global Wealth Services. In fact, 73% of investors say the wealth management industry isn’t transparent, a greater proportion than last year despite the industry’s apparent ramping up of communications.

“What’s interesting is that both parties agree that transparency is important, but intermediaries think they’re doing better than investors do,” said Albert Chiaradonna, SEI’s senior vice president of global private banking.

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