Is the DFM cost war in danger of leaving suitability behind?

Over the past few years DFMs have capitalised on a growing demand for outsourcing investment functions from advisers. The advantages for those using this route are clear: for a fee they can offload the burden of investment, and the significant time and resources this requires, to a third party. The adviser can then focus on their core responsibilities, namely providing financial planning and advice to their client bank. Unsurprisingly, the DFM space has grown significantly as a result and competition has intensified between these players. To thrive in this flourishing market, DFMs need t...