Nearly 70% of UK IFAs using DFMs, says report
Increasing regulatory costs are driving a greater number of financial advisers in the UK to outsource their investment management, according to latest findings by global analytics firm Cerulli.
Increasing regulatory costs are driving a greater number of financial advisers in the UK to outsource their investment management, according to latest findings by global analytics firm Cerulli.
Compulsory reporting standards are needed for discretionary fund manager (DFM) firms so that advisers can better compare them, a panel of industry experts has said.
Novia Global, the online wealth management service, has added multi-currency exchange traded funds in sterling, US dollar and euro to its platform.
UK wealth manager Brewin Dolphin has reported a 3.5% increase in discretionary funds under management to £26.8bn ($35bn, €32bn) during its third quarter.
The growth in financial advisers choosing to outsource investment services to discretionary fund managers increasingly begs the question ‘what are they actually charging for?’
Mansard Capital Management, a specialist investment manager providing multi asset solutions, discretionary management services and alternative investment funds has joined the Federation of European IFAs (FEIFA).
International intermediaries’ platform Novia Global has launched a new integrated investment portal, which provides access to a panel of discretionary fund managers (DFMs).
Brooks Macdonald has reported discretionary funds under management of £7.82bn ($11.3bn, €10bn) at the end of 2015, up 12% from £6.95bn at the end of 2014.
London & Colonial (L&C) has added Quilter Cheviot to the panel of approved discretionary fund managers (DFMs) for both its low cost Qrop and Sipp pension schemes.
Whatever anyone says, past performance is still used as a guide when allocating clients’ money – but it is thankfully not the only guide.
Momentum UK, has expanded into the British DFM market with the acquisition of London & Capital’s Adviser Solutions business for an undisclosed sum.
Tilney Bestinvest has struck a deal to buy Ingenious Asset Management for an undisclosed sum.