Discretionary fund managers (DFMs) offering model or managed portfolio services are poised to benefit from increased adviser appetite to outsource investments, according to the latest NextWealth Financial Advice Business Benchmarks report.
A fifth of the surveyed advisers reported that were planning to increase their usage of DFM model or managed portfolio services, the report found. Additionally, around one in eight said that they will reduce the portfolios they build themselves, according to NextWealth managing director Heather Hopkins. The report also found that 52% of the surveyed advisers currently use a DFM model portfolio service, with 62% opting to use multi-asset or multi-manager funds. Usage of multi-asset and multi-manager funds is also likely to increase, with around one in eight advisers saying they expect to ...
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