Fighting the tide to oursource: More than a third of IFAs still do all clients' investments in-house

More than a third - 37% - of IFAs asked in a survey by consultancy firm Harrison Spence said they still manage all of their clients' investment needs in house, rather than giving the task to a multi-manager or discretionary fund manager (DFM), at added cost to the client. The demise of independent financial advisers ‘doing it all' has long been heralded as changes in regulation - most importantly the expansion in what investments IFAs need to consider in order to remain independent - increased the research burden on advisers. But while the poll's figures suggest a significant number o...