Outsourcing DFM is 'abdication of responsibility' - adviser

Nicola Brittain
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IFAs that outsource fund management may be "abdicating their responsibilities," according to the founder of Belfast-based firm Carrington Wealth Manager.

The founder, Steve Laird, argues that it is essential that advisers know, or have a good relationship with, someone who knows exactly what their clients are investing in.  Carrington offers fund management alongside traditional wealth management, advisory and planning services. "A lot of funds are not currently what they seem. When you look into them, they contain short positions when they initially looked as though they were made up of just long positions. "We avoid shorts wherever possible. We believe in real assets, these short positions are just a form of gambling.  "It's vi...

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