Mike Webb: Smaller investment pots need be no barrier to DFM

Among the principal barriers to adopting a discretionary fund manager (DFM) cited by financial advisers, it is the cost, the potential loss of control and the inability to justify their own fee to clients that crop up as the main issues. While the Rathbones Value of DFM report has been able to pick apart these misconceptions, offering evidence of the positive impact a DFM can have on each measure, one major misunderstanding remains. Many advisers - just under half (42%) of those surveyed for the purposes of the report - believed their client base would not be wealthy enough to warrant ta...