Maria Merricks asks two experts how advisers should vet discretionary fund managers (DFMs) before outsourcing their investment function...
As the industry moves ever closer to RDR, advisers are deciding whether or not to outsource their investment decisions. For many, allocating clients’ money to a discretionary fund manager (DFM) is the chosen path – but choosing the right manager can be a difficult process. Here we provide a step-by-step guide to make the process easier: 1. Understanding your clients The first and most important step is getting to grips with what your clients really need. In understanding their requirements, a thorough analysis of their risk profile is the key. While this is something advisers may we...
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