Mike Webb: Is DFM being lost in translation?

clock • 4 min read

With the term 'DFM' being used so loosely these days, says Mike Webb, the challenge for advisers is to be absolutely clear what type of offering they are engaging with and whether it is the right choice for their clients

We have all witnessed the big shift toward the delegation of investment decisions as ever-increasing numbers of advisers move to a more holistic approach. As demand has grown, so has the number of services calling themselves ‘discretionary fund management' (DFM) - but are they all really DFM in its true sense? Broadly speaking, two main types of service delivery have emerged over the last few years. One approach provides services through a platform using model portfolios or multi-asset funds.  In these cases, the client will be bundled in with others who have broadly the same risk pro...

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