Over recent years advisers have faced increased pressure from the regulator to undertake detailed due diligence on the Discretionary Fund Managers (DFMs) they have chosen to work with. But, asks Abbie Knight, shouldn't DFMs do the same for advice firms?
Best practice due diligence involves demonstrating the key criteria used and filtering processes adopted to support the adviser's decision making. While some feel this adds unnecessary complexity - particularly...
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