FE has launched a new service comparing the model portfolios offered by discretionary fund managers (DFMs).
FE Transmission is being marketed to IFAs as a tool to access independently compiled performance data in real time. The data available will allow comparison of holdings and transactions, net of fees, for those DFMs to which the IFA has signed up. FE said the service is the first of its kind, despite platforms currently offering 175 discretionary solutions with more than £305bn in assets under management. Model portfolios have boomed since RDR, as advisers turn to DFMs to assist with managing multiple clients' assets affordably. FE Transmission will also offer data automation, do...
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