Five UK DFMs form partnership to educate advisers on outsourcing

'Will help the changing role of the adviser'

Five leading UK discretionary fund managers (DFMs) have joined forces to create the DFM Alliance, a platform that aims to educate advisers on the benefits of outsourcing investment management.

Members of DFM Alliance - as the partnership is known - currently include Brewin Dolphin, Brooks Macdonald, Investec Wealth & Investment, Quilter Cheviot and Rathbones. As the UK DFM market continues to grow, the firms, which have combined assets under management of more than £130bn - said there remains a need for greater clarity among advisers around the concept of outsourcing, its potential benefits to both the adviser and the end client, and what constitutes best practice. It will focus on educating advisers on the benefits of outsourcing investment management; providing a knowledg...