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Are advisers getting the best value from DFMs?

With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]

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Transact reports record inflows as assets near £30bn

Platform Transact has reported record first half inflows in its first trading statement since floating. The platform’s parent company IntegraFin listed on the London Stock Exchange in March with a £650m valuation. In an H1 update today, the company says funds under direction at the end of the six-month period to 31 March were £29.8bn, […]

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Train ups stakes in Manchester United and Pearson

Star manager Nick Train has piled more money into publishing company Pearson, despite acknowledging the stock had given him “heartache” in the past. The conviction-led equity manager has also upped his stake in football club Manchester United, according to the Financial Times, after originally purchasing it last August as one of the only three new […]

Pimfa commits to keeping WMA indices

Adviser trade body Pimfa has confirmed it will keep and revamp its indices following speculation they might be scrapped. The new trade body was set up in June last year through the merger of the Wealth Management Association and Apfa. In March 2017, the WMA launched the MSCI WMA Private Investor Index Series, which is […]

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Compliance tip: Beware email scams against advice firms

All firms run the risk of being used by criminals for fraudulent activity, so it is vital to remain vigilant. Fraudulent emails are becoming more sophisticated and we recently became aware of a new scam targeted at financial intermediaries. The scam revolves around your client’s email account which has been hacked. You receive a request […]