DFM

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.

Advisers should be aware that their clients may be unreasonably seduced by the idea that a bespoke discretionary fund managed (DFM) portfolio is 'created especially for them', according to one asset manager.

Cofunds has added GAM's range of five risk-rated models to the platform.

Aegon has signed a deal with discretionary fund manager (DFM) London & Capital (L&C), making a range of the DFM's multi-asset portfolios available via the provider's platform.

ALIGNMENT

DFM