Gillian Hepburn: Six practical steps to selecting a DFM

PA360 2019 revisited

clock • 7 min read

Gillian Hepburn outlines six practical steps to help advisers select the most appropriate panel of discretionary fund managers to partner their business

Sometimes in life we overcomplicate things - and, when this happens, it can often be as a result of the myriad options and choices available. At a recent visit to a car showroom, for example, I was treated to a lengthy explanation of the various ranges, models and features, including wheel trims, steering wheels, headlights - all aligned to a bewildering array of pricing structures. Once the salesman paused for breath, he finally asked what my requirements were. "Colour, Bluetooth for making phonecalls, budget and, of course, rear-assisted parking," I replied. "Simple enough?" I am often...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on DFM & Model Portfolios

Isio acquires Collidr in bid to become 'leading force' in MPS market

Isio acquires Collidr in bid to become 'leading force' in MPS market

Deal is subject to FCA approval

Jenna Brown
clock 06 May 2026 • 2 min read
Fidelity International on being 'late' to the MPS party

Fidelity International on being 'late' to the MPS party

‘It has enabled us to really think about what’s needed’

Sophia Panayi
clock 05 May 2026 • 4 min read
'MPS is a service not a product'

'MPS is a service not a product'

PA360 panellists on value and compliance

Sophia Panayi
clock 30 April 2026 • 3 min read