New grass-root DFMs to stamp out due diligence problem, says Nucleus

Due diligence on DFMs 'impossible'

Carmen Reichman
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New grass-root DFMs to stamp out due diligence problem, says Nucleus

Advisers could get together to seed discretionary fund managers (DFM) in a bid to avoid the due diligence risks inherent in working with established firms, Nucleus has said.

Adviser-led DFMs would allow for more modern and client-centric services, making it easier to determine suitability and compare costs, the firm said. DFMs came under fire earlier this year when ...

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