Aegon has expanded its discretionary fund management (DFM) model portfolio services range on the back of findings that more than a fifth (21%) of advisers are looking to increase their usage of them.
The firm today (30 January) said the recent findings from NextWealth had prompted the expansion of its services which in turn was "fuelled by a desire for more efficiency" and better client outcomes on the adviser side. Aegon has provided access to 12 new DFMs in the last six months, which takes it total number of available offerings to over 80. The firm's expanded offerings also see the DFM fee instruction process automated which Aegon said will save advisers "valuable time on administration". Chief distribution officer Ronnie Taylor added: "We remove time and cost from advisers' ...
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