DFM

The Financial Services Authority (FSA) is launching a series of seminars to explain its latest guidance on centralised investment propositions (CIPs) and replacement business to financial advisers.

Cofunds is to provide its adviser users with access to a range of discretionary fund managers (DFMs) via the wrap for the first time.

Wrap platform Nucleus has updated its discretionary fund management (DFM) proposition, offering its adviser users more options when managing client investments.

Mattioli Woods has launched an in-house discretionary portfolio management service.

ANY COLOUR

CONDENSED

OUTSOURCED

The Financial Services Authority (FSA) has issued final guidance for firms using centralised investment propositions (CIPs), pointing out the requirements when outsourcing to a discretionary investment manager (DFM).

Platform and discretionary fund manager Parmenion said it is attracting about £20m of new business per month, after revealing its tiered charging structure ahead of the Retail Distribution Review (RDR).

Outsourcing investment to a DFM service can make sense for IFA firms but they have to go into the relationship with their eyes wide open, says Harry Kerr