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

What advisers should expect from their investment manager

What advisers should expect from their investment manager

'Working with an investment manager should be a frictionless experience'

Ben Peele
clock 17 October 2025 • 3 min read
Defaqto unveils passive and active MPS comparators

Defaqto unveils passive and active MPS comparators

Subsets of its whole-of-market tool launched last year

Isabel Baxter
clock 15 October 2025 • 3 min read
Quilter Investors expands WealthSelect MPS with absolute return fund

Quilter Investors expands WealthSelect MPS with absolute return fund

Will be managed by Janus Henderson Investors

Michael Nelson
clock 14 October 2025 • 2 min read