More than 80 DFM firms are detailed in the latest publication of a new directory, brought to readers by Financial Planning Today magazine.
The listings have been created for use by Financial Planners, with the most up-to-date research from Defaqto.
They are contained in the new Financial Planning Today digital magazine.
The fifth issue of the magazine, with the tables, can be viewed on page 35 onwards HERE.
Three types of discretionary proposition are listed:
• Bespoke portfolio services
• managed portfolio services where custody of assets is facilitated through the discretionary firm
• managed portfolio services where custody of assets is with the platform.
Defaqto's Investment Conference, in London, on 23 May, will showcase a number of leading asset managers and discretionary firms. They will look to introduce new investment ideas that are appropriate for the current environment. The strategies presented will be suitable for accumulating clients and also for retirees in decumulation, defaqto said.
Fraser Donaldson, Insight Analyst (Investments) for Defaqto, said: “We believe 2017 is going to be all about regulation with the countdown to MiFID ll and the fall-out from the November 2016 publication, by the FCA, of the ‘Asset Management Market Study – Interim report’.
“MiFID II encompasses governance, market infrastructure and transparency, with a special emphasis on investor protection. Consumer facing firms will know that existing requirements will be strengthened as well as new requirements introduced; areas such as best execution, suitability and appropriateness, record keeping and information on costs and charges.”
He said: “Disclosure of costs and charges is nothing new, but the scale of transparency is much greater. This is coupled with the need to present the information in a way that a consumer can understand. This is the responsibility of both manufacturers and distributors.
“The Asset Management Review focuses on many of the same issues; highlights include: casting doubt over the relationship between price and performance, weak price competition (unchanged over 10 years despite increasing assets under management), poor descriptions of investment strategy, more independence on governance committees, greater price transparency and further elimination of conflicts of interest.”
The tables are part of a new investment section including detailed Managed Portfolio listings plus investment news and analysis.
The fifth issue of Financial Planning Today is available first to our email newsletter subscribers.
If you have not already signed up to our daily newsletter, you can receive early access to the new magazine by signing up now below:
The new publication features exclusive content including contributions from leading figures in the worlds of Financial Planning and Paraplanning plus features and insights produced by experienced financial journalists in London.
Financial Planning Today's 5th issue includes:
• A Special Report examining platforms and gripes about poor service levels
• Chartered Financial Planner Darren Cooke gives his client loyalty tips
• Columns from high profile Financial Planner Julie Lord, PFS chief executive Keith Richards, CISI deputy head of Financial Planning Jackie Lockie and Financial Planner Martin Bamford
• Plus, Planner Casebook, Inside My Business with Ray Adams of CashCalc, Financial Planning and Paraplanning news and much more
• Special Offer for FP Today Readers from CashCalc
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