brainsX

The example given to explain this is that a Bloomberg terminal is provided to clients visiting the firm . This helps inividual clients in their decision making, but not all the clients of the funds. The costs borne for these should not be allocated to other clients . However these very same clients and all other clients could benefit from decisions made using Bloomberg services or research purchased by the firm. So the matter is careful cost allocation between different beneficiaries .

"made available to clients" : Research or services e.g. Bloomberg terminals . clients make their own decisions

"Investment decision making" : research consumed by the firm that help to buy/sell for portfolios by the firm on behalf of clients