New guide! Relationships between advisers and DFMs

In June 2019, the Personal Finance Society (PFS) and Diminimis published a guide on the relationships between discretionary fund managers (DFMs) and intermediaries. threesixty very much welcomed the guide, which highlighted important issues intermediaries need to think about when using model or bespoke portfolio solutions provided by DFMs.

However, the guide also prompted a number of requests for clarification from DFMs and intermediaries alike. In response, threesixty are delighted to publish their own guide on how to establish successful relationships between DFMs and intermediaries. This is based on our extensive practical experience of both the DFM and intermediary market place. It will come as no surprise to many that there is more than one way to proceed. All options are perfectly acceptable as long as each party understands and sets out their responsibilities in line with the relevant service being provided. Some firms will operate a different methodology for different services – both will work perfectly well.

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