Advisers reveal concerns about using DFM services
Rathbones research
One-quarter of advisers believed DFMs might try and steal clients from them, Rathbones' research suggested
Almost two-thirds (64%) of advisers are concerned they would struggle to justify their own fees if they outsourced their investment offering to a discretionary fund manager (DFM), according to Rathbones research.
The study, which assessed the views of 100 advisers, also found one-quarter (27%) believed DFMs might try and steal clients from them, half thought they would lose control of the investment or value chain...
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