Blog: does bespoke always means bespoke?

Consensus trades often inspire unease. So what should we make of recent research, published by Investec Wealth & Investment, that found 47% of advisers currently use discretionary fund managers (DFMs) and an additional 10% are planning to do so? That the majority of advisers will soon be outsourcing some or all of their investment processes to DFMs should not, on the face of it, cause concern. After all, many of the larger DFMs employ experienced, talented investment professionals able to leverage the dedicated resources and research infrastructure most advisers lack. But is there a q...