How to pick the right discretionary manager

The topic of discretionary fund management has been contentious of late. Some argue outsourcing could lead to higher charges, a lack of control and client detachment, while others appreciate they may not have the resources to compete with specialist investment managers. Those sitting on the fence, however, must come to a decision as time is running out before the RDR and its enhanced focus on financial advice hits the industry. Jacksons Financial Services’ managing director, Pete Matthew, says the move to discharging fund management has been ‘without question the best business decision...