The forthcoming implementation of the RDR has meant financial advisers have had to consider how they offer clients investment management. For those who have opted to outsource investment management to a DFM, wrap platforms are becoming the tool that enables all parties to manage this process and relationships effectively.

Mike Mount, Director of Intermediary Sales and Head of JM Finn & Co’s Cardiff office commented: “Financial advisers have told us that they are interested in working with a DFM but they want to maintain control of the client relationship and custody of the client’s assets; by partnering with Ascentric we are able to meet these requirements.  The Ascentric platform is a great fit for our Tailored Platform Solution (TPS) for advisers. Through the platform we are able to build portfolios that meet advisers’ and their underlying clients’ needs and all in a cost effective manner. If an adviser has a particular investment philosophy, we are able to build and manage its portfolios accordingly; essentially by working through Ascentric a financial planning firm is able to integrate us into their overall proposition on their terms.

“At JM Finn & Co we have no financial planning arm and so avoid any conflict of interest with those financial planning firms with whom we are working. Financial advisers can focus on their clients’ long-term financial plan and associated relationship, while we focus on delivering our specialism of discretionary portfolio management. We look forward to playing a part in the evolving relationship between financial planning firms and DFMs.”

Dominic Ventham, Head of Marketing at Ascentric says:

“We have seen an increasing number of IFAs outsourcing their investment solutions to Discretionary Fund Managers on the platform. With the RDR just around the corner this trend is likely to continue increasing as IFAs seek to de-risk the investment decision-making within their business.”

About JM Finn and Co’s Tailored Platform Solution

JM Finn & Co’s TPS brings to bear specialist knowledge providing research and portfolio construction ranging from a pure index-based approach to an active multi-manager solution. JM Finn & Co is committed to delivering efficiencies that will enhance the implementation of an advisory financial planning firm’s proposition. These efficiencies include taking on the regulatory responsibility of fund selection, monitoring and switching, and also regular rebalancing of an asset allocation.

0 comments 0 people listening

Sign in

• Comment help
• Get Livefyre

Post comment as

+ Follow conversation Following - Unfollow

Post to

Sort: Newest | Oldest