Investec Wealth & Investment has been named as both the most popular and most preferred discretionary fund manager by advisers, up from fourth place last year, according to Defaqto.
The firm conducted its second annual DFM review and surveyed 137 advisers for the report. The most popular DFM was Investec Wealth & Investment which was used by more than 25% of wealth managers in 2016. This is up from just over 10% on the previous year. In second and third place were Brewin Dolphin and Quilter Cheviot at 24% and 23% respectively. Investec AM's Wynne-Jones moves to Wealth & Investment arm The report also found a quarter of business placed is done on an advisory basis and and two-thirds of this is done via multi-asset managed funds. For those using a model po...
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