Osaka, Japan, October 07, 2015 --(PR.com
)-- Nippon Capital AM reports that it has enjoyed sharp growth in its client roster even as the blood-letting in Asian markets in general and Japan’s in particular continues.
The Osaka-based investment boutique said its decision to cut management fees for institutional clients played a large part in an influx of enquiries particularly from existing clients at rival operations.
Charles Worth, Executive Vice-President and Co-Chief Investment Officer at Nippon Capital AM said, “I must confess that I was a little surprised at the numbers of inquiries we received especially given the volatility we saw at home here on the Nikkei 225 and in China’s mainland markets but it soon became apparent that many were disillusioned with the high management fees they were being asked for despite what they could only describe as lackluster returns.”
Earlier this year, Nippon Capital AM’s Senior Vice President, Toshiro Noda revealed that the firm would be cutting management fees by 25% to reflect its confidence in its ability to deliver returns and, also, as a bonus to long-standing clients.
In the weeks since implementing the cut, the firm has taken on 63 new institutional clients. Of those, 51 continue to work with existing advisers but with reduced exposure while 12 have transferred responsibility for their entire portfolio to Nippon Capital AM.
“Some clients have chosen to place a percentage of their capital with us while still working with their existing advisers and that’s only to be expected especially in instances where they may have long-standing relationships with them but we welcome the opportunity to prove our ability to deliver the returns they need,” said Worth.
About Nippon Capital AM
Nippon Capital Asset Management J-LLC is a "fee only" financial advisory service. This way you can be assured that we are acting in your best interests at all times. Other services have "special" relationships with banks and financial institutions, from which they are paid a negotiated percentage of any deals that they broker on their behalf. These third party arrangements distort how investments should be dealt with presenting a clear conflict of interest. We do not operate in this manner and offer total commitment to our valued clients, without receiving any compensation from third party sources in the industry.
Nippon Capital Asset Management J-LLC operates under the strict guidelines of the Fiduciary Standard of Care (FSC). We are bound to a code of conduct that holds the clients interest in paramount position.