DFM

Nearly half of advisers use a third-party DFM

The asset manager benefits from a ‘larger team’

Failed to uphold integrity and due skill care and diligence principles

Large drop recorded for 2022 in advisers' use of DFMs

DFM business has £6.1bn in asset under management

RIS takes ‘bucketing approach’ to client assets across different time horizons

Service has multi-jurisdictional offerings on its own platform

Over a fifth of advisers expecting to increase DFM usage in the future

The FCA's consultation on the issue closes on 25 January

£99.6bn AUMA, a 3% increase from the previous quarter