Discretionary fund manager Tilney for Intermediaries is giving advisers the option of conducting the risk profile and suitability checks in-house before handing over investment responsibility.
Previously, Tilney only offered an ‘introducer' model, whereby it holds responsibility from a legal standpoint for the suitability of the service, investment mandate and investments held within a portfolio. Under the ‘agency' option, which was added on 1 October, Tilney will provide investment management to a mandate selected by the adviser. Tilney will ensure advisers are then "fully informed" about the strategies and how they are being managed. Tilney head of UK financial intermediaries Miles Robinson said the firm had increased its options following feedback from advisers. "Some...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
