PIMFA publishes adviser/DIMs cooperation guide

Organising relationships

clock • 3 min read

PIMFA has published a guide for advisers and discretionary investment managers (DIMs) aimed at helping them understand the different ways in which relationships between their firms can be better structured.

The guide, drafted by threesixty services, with input and collaboration from PIMFA and DFM Connect, is informed by a previous work carried out by the Personal Finance Society, tackling a wide range of queries and concerns raised by adviser firms. The new publication focuses on how the relationships between adviser firms, their clients and DIMs can be organised in line with the FCA rules on "agent as client" and "reliance on others", while considering the role platforms play in making third-party discretionary services available to advisers.  Membership director for the Personal Financ...

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