Why should you consider a discretionary manager?

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Tom Street, head of intermediary business at Rensburg Sheppards, talks to Joanna Faith about why discretionary fund management is becoming a popular choice for IFAs in the run up to RDR.

In a changing marketplace, with RDR on the horizon, it is becoming more important than ever for providers to evolve their offering. The use of discretionary fund management (DFM) is an increasingly popular way of effecting this change, but is it the right choice for all advisers? Q. Can you describe Rensburg Sheppards’ proposition? A. We have been involved in DFM services for IFAs for more than two decades but over the years our proposition has changed. It used to be based on bespoke solutions for IFA clients – and this is still the cornerstone of what we do – but as the marketplace has...

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