Personal Financial Services
The benefit of using a Discretionary Fund Manager is that it would allow your fund to receive active day to day management by an experienced independent professional fund manager.
The fund manager would create a bespoke portfolio specifically tailored to your circumstances and requirements - rather than just your risk stance as with the Managed Portfolio option. This fund manager would have access to a wider research and investment expertise than we could offer, they would also have discretion to make fund switches throughout the year as and when they deemed market conditions and fund performances warrant.
They may also utilise direct equity or fixed interest holdings within your portfolio to keep the overall costs down.
The additional benefits that bespoke management can offer over the Managed Portfolio option are:
Due to this more intensive management the ongoing costs of a bespoke Discretionary Fund Management service will typically be higher than for Managed Portfolio options. However larger investment sums (in excess of £100,000) will enable the DFM to purchase underlying investments in bulk to reduce the overall cost. As a result the larger the investment sum the lower the overall cost is likely to be.
We would work alongside the DFM to provide you with ongoing advice on taxation and the suitability of the wrapper that holds the investment. We would also monitor the performance of the DFM using pre-agreed benchmarks to ensure that they were performing as we would expect.
For more information please contact us or request a call back.
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