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

Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label

By end of March 2025

Cristian Angeloni
clock 09 January 2025 • 2 min read
Average DB transfer complainant to receive no compensation

Average DB transfer complainant to receive no compensation

Broadstone’s DB Redress Tracker shows typical redress compensation continues to fall

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Attivo Investments partners with SEI to launch goal-based MPS

Attivo Investments partners with SEI to launch goal-based MPS

Stephen Harper leads the business as CEO

Sahar Nazir
clock 09 January 2025 • 1 min read