Aegon has added five new discretionary fund managers (DFMs) to its retirement platform.
The fund managers are Avellemy, Brooks MacDonald, Fairstone, Tatton, and Liontrust bringing the total number of DFMs on the ARC platform to 17. The move reflects increased demand for bespoke investment strategies, Aegon said. About 10% of platform assets under management now invested via DFMs. The service offers automatic rebalancing to help DFMs maintain the desired blend of investments. It enables separate payments to DFMs and advisers, Aegon claims this simplifies platform administration. Aegon investment director Nick Dixon said: "The percentage of on-platform assets under mana...
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