DFM

Morningstar's managed portfolio service for advisers is now available on Transact.

Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.

DUE DILIGENCE

Brewin Dolphin is rolling out a review of its clients with portfolios valued at under £50,000.

Barclays' wealth division has closed its discretionary fund management service to advised clients with less than £250,000 of investable assets.

It comes as no surprise that a lot of advisers have been taking a long hard look at their businesses - re-assessing their resources and re-evaluating their priorities.

SEI Investment Management Unit head of investment solutions Andrea Hohlachoff looks at advisers' increasing use of discretionary fund managers and asks what are clients really getting or their money?

Discretionary fund manager (DFM) Parmenion said it has witnessed a surge in new funds under management since the start of the year due to increased appetite among advisers to review their investment propositions.

DUE DILIGENCE

Fund managers can expect the axe from discretionary fund managers (DFMs) if they fail to perform within the first 12 months of being granted a mandate, according to research by Coredata.