Advisers are increasingly outsourcing their investment decisions to discretionary or multi-asset managers, according to the lang cat, but many advisers are still questioning the value of outsourcing.
The advisory consultancy's State of the Adviser Nation Report showed that this year nearly three-quarters (74%) of advisers have outsourced client investment management to multi-managers or multi-asset providers compared to 44% last year. The study, which surveyed a cross-section of advisers, also revealed just more than half (52%) of advisers outsourced to discretionary fund managers this year compared to 38% last year. The lang cat consulting director Mike Barrett said the shift to outsourcing occurred largely in response to regulatory changes such as Mifid II, which put pressure on...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
