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...
Due diligence and selection
'A bit of smoke and mirrors'
Revisiting the portfolio debate
Fees 0.1% per annum or £20 per month
'Prepare a key insights document'
Range from 24 to 59 years old
Directors to pay upwards of £6m
Sanlam on Demand
No need for wet signatures
Fees play a big part