IFAs outsourcing investment 'due to knowledge limits'


Almost a third of investment advisory firms are outsourcing discretionary management, with most citing knowledge constraints, a Close Asset Management study suggests.

The group's inaugural Adviser Insight survey found 28% of almost 400 IFA respondents now outsource fund management responsibilities, with almost three quarters (74%) of those acknowledging asset managers are better equipped to manage clients' investment portfolios. Elsewhere, 14% of respondents blamed time pressures for choosing to outsource, while the remainder cited a preference for daily active fund management, the delegation of responsibility and client choice. According to 28% of the IFAs surveyed, companies struggling to meet the change in requirements post-RDR and those without...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Investment

Image: The latest market news and analysis

Market Movers: UK producer price inflation falls as inflation eases

Producer price inflation fell to its lowest rate since March last month

Investment Week
clock 26 January 2023 • 1 min read
2023 looks to be a defining point for the industry

Asset managers prepare for staff reductions in challenging 2023

Compressed growth predicted with streamlined product offerings

Kathleen Gallagher
clock 25 January 2023 • 6 min read
Meet the panel for Sustainable Investment

Meet the expert panel sharing their perspectives on Sustainable-Investment.com

Connecting the sustainable investment community

clock 24 January 2023 • 3 min read