Multi-manager a 'growing' European business

Fidelity surveyed more than 500 individuals from asset managers, insurers, IFAs and retail banks in 10 European countries. The investment manager found IFAs focused on wealth management use multi-manager to outsource fund selection to focus on holistic financial planning. Simon Ellis, managing director of Fidelity's multi-manager business, tells IFAonline: "A number of IFA firms are looking at how to not only consolidate their clients' investment on supermarket or wrap platforms, but also how to extend their proposition to providing dedicated but outsourced funds for their investors. "...