Five steps to choosing a discretionary fund manager

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...