Exploring the growth of the discretionary fund manager sector

Fastest-growing area of wealth management

While many of us are already reviewing the reality of meeting our New Year’s resolutions, your mind may also be wandering to the other targets you have.

Are they achievable, and what help will you get from markets, or growth in the sector itself? According to The Times, DFM services are the fastest-growing sector of wealth management. As of June 2021, AUM had increased from £432bn in 2016 to a record £708bn. Why is this? What has changed over that period to see that exponential growth in assets managed by DFM businesses? NextWealth: DFMs missing out on decumulation assets There are several things that might explain this impressive growth in assets; first, the stats may be skewed by more firms obtaining DFM permissions - w...