I just got an annual shareholders report. I don't like it. The guy's wearing a big expensive watch and an obvioiusly bespoke
suit, and he holds himself in such a way that the viewer can see his buttonholes. And he's all pleased with himself. Makes me think his commissions are too high.
From the description ("commissions") I assume you're talking about a mutual fund of some kind, rather than an annual report for a public company (which might have a picture of the CEO).
As long as you get a good return after taxes and fees, I don't see how the fund manager's attire really matters. Moreover, printing those reports and mailing them costs money, too - maybe you should complain about that.