Gillian Hepburn: Six steps to picking the right DFMs for your business

Start with customer requirements

clock • 8 min read

Gillian Hepburn outlines six practical steps to help advisers select the most appropriate panel of discretionary fund managers to partner their business

Sometimes in life we overcomplicate things - and, when this happens, it can often be as a result of the myriad options and choices available. At a recent visit to a car showroom, for example, I was treated to a lengthy explanation of the various ranges, models and features, including wheel trims, steering wheels, headlights - all aligned to a bewildering array of pricing structures. Once the salesman paused for breath, he finally asked what my requirements were. "Colour, Bluetooth for making phone-calls, budget and, of course, rear-assisted parking - simple enough?" I am often asked h...

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 DFM & Model Portfolios

UK platform MPS market shows 'remarkable' growth

UK platform MPS market shows 'remarkable' growth

Now amounts to nearly a fifth of wealth management assets

Isabel Baxter
clock 09 June 2025 • 2 min read
Small advice firms reveal MPS provider due diligence struggle

Small advice firms reveal MPS provider due diligence struggle

Experiencing time and resource constraints more than larger peers

Isabel Baxter
clock 09 June 2025 • 3 min read
Advisers call for consistent MPS due diligence standards as FCA probe looms

Advisers call for consistent MPS due diligence standards as FCA probe looms

More than three-quarters saw the need for consistent standards, research finds

Isabel Baxter
clock 04 June 2025 • 2 min read