Bespoke investment portfolios are growing in popularity, according to a new study.

London-based discretionary fund manager EGR Wealth Limited (FRN: 5375820) has this week gone into administration following voluntary restrictions agreed by the firm with the FCA in July.

Fairstone has converted four of its MPS portfolios into funds in a move that it claims will cut client charges by up to 20%.

The Quilter platform has seen assets in outsourced investments in DFM (Discretionary Fund Management) models and managed portfolio services soar by 331% since the end of 2020.

Wealth manager Tavistock has completed its £6m deal to buy asset manager and Discretionary Fund Manager (DFM) Alpha Beta Partners (ABP).