Plenty of advice firms have traditionally outsourced their investment proposition to a DFM service but now, as Lawrence Cook explains, there is an option to outsource without really outsourcing at all
Outsourcing investments has been a prominent theme ever since the Retail Distribution Review (RDR) came into effect at the very start of 2013. Yet, there are a number of advice firms out there that remain in control of their clients' investments. Naturally enough, they take pride in the investment proposition they have built over many years, and we cannot underestimate the power of that connection. The RDR has, however, brought about an era of great regulatory change that has placed additional burdens upon advisers and their staff. With the changes heralded by MiFID II yet to be fully im...
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