What will the RDR really mean for selecting discretionary managers?

clock

Sparring between platforms and discretionary fund managers is unnecessary, as they are alternate not competing solutions, writes Andrew Denham-Davis from Brooks Macdonald AM.

From conversations with a number of IFAs, it would seem there is some misinterpretation and even, dare one say it, scare-mongering about the position of discretionary fund management (DFM) among the potential solutions for investment needs. One particularly incorrect version is that DFMs will not be allowed to pay any fees to IFAs. While this is perhaps a sign of desperation on the part of the platform concerned, it needs to be responded to as it is not only incorrect but also entirely the wrong approach – there is no need for sparring between platforms and DFM as they are alternate not ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Vanguard UK Platform Awards: The full shortlists revealed

Vanguard UK Platform Awards: The full shortlists revealed

VUKPA 2026 finalists

Professional Adviser
clock 27 July 2026 • 2 min read
AJ Bell platform AUA up 12% in Q3 to £121.5bn

AJ Bell platform AUA up 12% in Q3 to £121.5bn

Up 26% over the last year

Jenna Brown
clock 23 July 2026 • 2 min read
Why the need to master data is now business critical

Why the need to master data is now business critical

'Most advisers, it seems, are tolerating data delivery from platforms and pension providers'

Chanelle Paynter
clock 15 July 2026 • 4 min read