Post-RDR advisers want flexible DFMs - research

A study commissioned by DFM Investec Wealth & Investment showed the majority of advisers use DFMs to reduce their potential exposure to regulatory risk, but IFAs' preferred working relationships with DFMs vary widely, with some favouring a higher degree of involvement than others. Nearly all (97%) advisers questioned insisted on remaining responsible for assessing the overall suitability for each client based on their tolerance to risk and capacity for loss. But a third fewer IFAs (66%) prefer to take overall responsibility for agreeing the client's investment strategy, while only one...