Almost two-thirds (64%) of advisers are concerned they would struggle to justify their own fees if they outsourced their investment offering to a discretionary fund manager (DFM), according to Rathbones research.
The study, which assessed the views of 100 advisers, also found one-quarter (27%) believed DFMs might try and steal clients from them, half thought they would lose control of the investment or value chain...
'People miscalculate how much they need'
Information request by AJ Bell
Could lose 97% of investment
'Document your conversations'