Advice firm CEO: Why my DFM relationship works

'Arm's length at a reasonable cost'

Tom Ellis
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Adrian Murphy: "There's very little downside with this relationship, which is probably the first time we could've said that when it comes to these types of things."
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Adrian Murphy: "There's very little downside with this relationship, which is probably the first time we could've said that when it comes to these types of things."

Discretionary fund managers (DFMs) are often maligned in the financial advice space. That said, it is a popular outsourcing investment solution among financial advisers, despite their apparent lack of 'street cred', so Tom Ellis spoke to Murphy Wealth CEO Adrian Murphy about his firm's use of a discretionary manager

Glasgow-based financial planning business Murphy Wealth has been using DFMs for years, with varying degrees of success, as its CEO puts it, but has only recently found a wholly satisfactory relationship...

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