Consolidator Radiant Financial Group has launched a discretionary fund management (DFM) arm, Radiant Asset Management (RAM), which it says is “radically different” from other DFMs.
It said RAM was established based on feedback from financial planners and IFAs which set out what it is they want from a DFM, for example, that it should offer investment strategies "more heavily focused on capital preservation". It added that IFAs are worried that DFMs are too focused on ensuring "their funds perform in line with benchmarks, rather than delivering what customers want". RAM managing director and chief investment officer Minesh Gajjar said: "Clients want their investments to steadily grow but the feedback I have got throughout my two decades of working with IFAs is cus...
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