Nearly 60% of advisers will outsource to DFMs - research

Figures from asset management company Investec showed the number of advisers who currently outsource to DFMs will increase 10% to 57% (from 47%) this year.  The research was conducted by Investec who interviewed 249 intermediaries in November last year. The most popular reason for outsourcing among advisers who have not used DFMs to date is the delegation of the day-to-day investment management process (89%); followed by the access it provided to an investment professional (82%), and third, to help manage their growing administrative burden (73%). The most important criteria cited ...