7IM launches service for advisers with DFM concerns

Typical cost around 120bps

Tom Ellis
clock • 1 min read

Seven Investment Management (7IM) has launched a new managed investment service for advisers who do not want discretionary fund managers to meet their clients.

The firm said clients would benefit from its "global, active asset allocation-driven approach", and reassured it "remains in the background" to give advisers more time with their clients. "Many advisers tell us they want to access 7IM's strategies but with full control of their client relationships, while maintaining ongoing responsibility for suitability," said 7IM head of business development Robert Poulten. "This new service allows advisers to do just that - drawing on 7IM's experience, expertise and resources to tailor bespoke investment proposals, and with support on tax allowanc...

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