The majority of advisers favour outsourcing investment management to a discretionary fund manager (DFM), research suggests.
Nucleus has bolstered its wrap operations team with the appointment of former Standard Life man Martin Leckie as investment operations manager.
Support provider SimplyBiz has launched a discretionary fund management service through its asset management arm Verbatim.
IFA and discretionary investment manager AFH Financial Group has entered into a joint venture with South Wales-based chartered accountants Broomfield & Alexander.
Wealth manager and pensions consultancy Mattioli Woods is preparing for the launch of a discretionary portfolio management service after securing investment permissions from the FSA.
The Financial Services Authority (FSA) has expressed concerns about the quality of advice around firms' use of 'centralised' investment solutions after a thematic review flagged widespread failings at some firms.