Advisers urged to scrutinise governance when selecting investment partners

The firm said governance conversations are often overlooked in adviser–discretionary fund management (DFM) relationships, despite being "foundational" to the delivery of "strong" long-term investment outcomes and value for money. HRIS said advisers should first evaluate the quality and experience of the team responsible for managing model portfolios, alongside the clarity of internal decision-making structures. Scenario testing and evidence of robustness should also be prioritised. The firm noted that long-term investment outcomes are due to strategic asset allocation, making it impor...