Wellian Investment Solutions investment director Chris Mayo weighs up using large discretionary fund managers (DFM) with their smaller rivals.
Advisers looking to outsource their investment proposition face a bewildering choice. Even after they decide to use a DFM they have more than 200 options available. Faced with this, there is a temptation to simply plump for a familiar national brand with massive assets under management (AUM). However, for at least some, this would be a mistake. Certainly the big, national firms can present a compelling proposition. Among the reasons for choosing a DFM is the ability to tap outside knowledge and expertise, and many of the big players do bring significant research capabilitie...
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