Due diligence essential in selecting discretionary managers
Robust due diligence is essential for advisers selecting discretionary managers, financial research company Defaqto has argued.
A survey by the company found that 42% of platform users that respondents currently outsource some or all of the investment process, with 21% stating that they outsource to a discretionary manager.
A release by the Defatqo said: “When outsourcing through a discretionary manager, advisers are effectively entering into a long-term business relationship – and it is therefore important that they conduct robust due diligence to ensure appropriate partner selection.”
For further details see: www.defaqto.com/adviser/rdr-zone-latest-retail-distribution-review-news-and-comment