Modern thoughts on the fiduciary duties of a DFM

Financial factors must outweigh non-financial factors in a DFM’s decisions

clock • 7 min read

Having a really good DFM is now an important part of the total client solution, writes Adrian Boulding

IFAs are highly skilled at helping clients understand their financial needs and priorities and developing and finally implementing strategies to best meet them. When I first started out in pensions a key part of this process that an IFA delivered was advice about which funds the client should invest their savings in. I worked for a pension platform, and we would arrange roadshows and other events at which a range of fund managers could present to IFAs about their investment philosophy and approach to the markets. The best IFAs became quite adept at asking penetrating questions o...

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

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
MPS dominates adviser distribution sales for H1 2025

MPS dominates adviser distribution sales for H1 2025

As unitised multi-asset funds achieve biggest year-on-year increase

Jen Frost
clock 06 October 2025 • 3 min read
Adviser-built portfolios to 'win the MPS race'

Adviser-built portfolios to 'win the MPS race'

About 90% of what Elston manages are custom mandates designed by advisers

Isabel Baxter
clock 24 September 2025 • 4 min read