Why are some advisers taking on discretionary powers?

If a client has a sizeable amount to invest, a discretionary fund manager (DFM) could factor in their investment proposition - but should advisers outsource this service or take a more DIY approach?  For one, Centricity Wealth Management managing director James Stanley uses DFMs for an overwhelming majority of his clients - think more than 90% - but integrating this service into his own firm was never on the table. The Leicester-based IFA sees himself as a general practitioner (GP) of financial advice.   "If you're a GP, in the old days somebody would come into your surgery and tell y...