SimplyBiz launches DFM though Verbatim

Discretionary fund managers James Hambro and Partners, TCF Investment, Henderson Rowe and Smith & Williamson will all be available through the service, set to be branded as the Verbatim Discretionary Service. The service, eligible to adviser charging of up to 1.2%, will cost 0.96% for active management including administration. A low cost passive option will also be available, costing 0.84%. Neil Stevens, managing director of SimplyBiz and Verbatim Asset Management said current DFM offerings did not fully meet the needs of advisers. "RDR will create yet more requirements for advise...