While advisers are increasingly accepting factors such as cost and potential loss of control are not the barriers to using a DFM they might have thought, says Mike Webb, one major misunderstanding persists
Among the principal barriers to adopting a discretionary fund manager (DFM) cited by financial advisers, it is the cost, the potential loss of control and the inability to justify their own fee to clients...
'Arm's length at a reasonable cost'
'Prepare a key insights document'
'A buffer replenishment strategy'
Chris Forgan to take charge
Manager cites liquidity risk for changes