Simon Sharrott recently appeared in an International Adviser eZine, discussing the benefits of a true DFM partnership and the need for a relationship built on trust and respect.
“Following the 2013 introduction of the Retail Distribution Review (‘RDR’) in the UK, we have seen a significant shift in Independent Financial Advisors (‘IFAs’) and Advisor Networks towards outsourcing the function of their investment proposition to a Discretionary Fund Manager (‘DFM’). This is now becoming a global movement, and whether this is as a result of changes or anticipated changes in regulation across other jurisdictions, or simply because IFA’s and their clients see the benefits of adopting a DFM as best practice; we at MitonOptimal believe this outsourcing model is here to stay and continues to gain momentum, at a rate of knots.
MitonOptimal’s’ DFM Service, like many others, allows IFAs to effectively outsource the day-to-day management of their clients’ investment portfolios, freeing up time to focus on what IFA’s do best: providing a holistic service, developing client relationships and, importantly, allowing them to grow their client base and their business whilst still being able to meet their regulatory responsibilities without the administrative burden of managing their clients’ portfolios. MitonOptimal continues to form a number of these strategic partnerships across our global network, with our partners and their clients now seeing the obvious benefits.
MitonOptimal continues to form a number of these strategic partnerships across our global network, with our partners and their clients now seeing the obvious benefits…”
Read the entire Kindred Spirits article online.