Six ways to match your approach with your DFM's

It's all about relationships. Advisers' regulatory responsibility for the suitability of DFM portfolios is less clearly defined than for the purchase of products. The degree of responsibility depends on the ongoing adviser relationship with the client, the DFM and the adviser. The closer the relationship, the greater the adviser's responsibility and their regulatory risk. Post-RDR, advisers' focus on ensuring that continued services can generate and justify ongoing fees means that many will seek to maintain or establish relationships with DFMs which continue to involve them. So ...