James Goward: The ugly side of the DFM beauty parade

Due-diligence must be driving force

clock • 3 min read

Is the trend towards advisers holding 'beauty parades' to help clients choose a discretionary fund manager the best approach? James Goward argues advisers are far better placed to make this decision than their clients

We live in an age where consumers, more than ever before, are able to make informed purchasing decisions. The algorithms that sit behind shopping websites enable us to filter our potential choices down from everything to those items best suited to our objectives. But hiring a discretionary fund manager (DFM) is clearly not the same as buying a toaster - or any other item for that matter. There are many complex aspects to consider and - as advisers well know - it takes more than a few reviews to pick the right service. Surely an adviser is best-placed to narrow a crowded field to the most...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Carla Brown: PFS will reassert itself as voice of the profession in 2026

Carla Brown: PFS will reassert itself as voice of the profession in 2026

PFS president and chair on building trust

Carla Brown
clock 16 June 2026 • 4 min read
Advisers need 'robust' scam protections as investment fraud losses hit £221m

Advisers need 'robust' scam protections as investment fraud losses hit £221m

Investment fraud up 40% year-on-year

Sophia Panayi
clock 15 June 2026 • 2 min read
News editor's view: Why advisers should pay attention to student loans

News editor's view: Why advisers should pay attention to student loans

The news editor's Friday Night Takeaway from 12 June

Isabel Baxter
clock 12 June 2026 • 4 min read