Discretionary Portfolio Management

Rather than direct with discretionary manager

Walker Crips has acquired wealth firm Barker Poland Asset Management (BPAM) in a deal which will add £230m to its assets under management.

Walker Crips has acquired wealth firm Barker Poland Asset Management (BPAM) in a deal which will add £230m to its assets under management.

The Personal Finance Society (PFS) has launched an online space to share good practice guides with advisers.

The Standard Life wrap is launching a third party discretionary fund management (DFM) service for advisers.

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June, but warned the costs of investing in the business will drag on margins in 2014.

Seven Investment Management (7IM) has seen assets under management (AUM) pass the £5bn mark for the first time in the firm's eleven year history.

Her Majesty's Revenue & Customs (HMRC) has upheld the VAT exemption on discretionary fund manager transaction fees.

Cheshire-based financial planning firm Clarion has split its business in two creating a wealth management and an investment management arm.

Dave White looks at the merits of discretionary fund managers and predicts a rise in their star as RDR looms.