The benefits of using a discretionary fund manager

The recent volatility in markets together with the regulatory environment that will exist post-2010 has meant IFAs currently acting as investment managers for their clients are beginning to consider using the expertise of a full-time fund manager. This will leave them to focus on maintaining client relationships and deal with non-investment issues such as effective tax planning. There are practical issues to justify this route. Most fund managers have a tenure on their fund of less than three years; when a manager resigns if the IFA believes it is appropriate to pull all clients out o...