Outsourcing the investment process goes some way to easing the regulatory burden for IFAs, but plenty of research is required before this step can be taken.
Multi manager is one way of achieving investment outsourcing, but I would like to consider the use of discretionary fund managers (DFMs), who according to Defaqto, are creeping back into the market. The increasing popularity of open architecture products such as SIPPs and offshore bonds has driven several fund managers to develop an IFA focused strategy for the future. So where does the IFA start their research? There is no independent research tool available to the IFA, although the Association of Private Client Investment Managers (www.apcims.co.uk) has a very useful filter which will ...
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