View more on these topics

Cambridge IFA to launch DFM

Cambridge-based Gibbs Denley Financial Services is to launch a discretionary managed portfolio to external advisers.

The DFM, which will launch next year, will be managed by GD Investment Management, led by Thomas Sparke. It will charge advisers 0.2 per cent.

Gibbs Denley has been running its in-house funds for its advisers through GDIM for the past eight years and has £420m under management. The firm, which has seven advisers, was granted discretionary permission a year ago.

Should IFAs get discretionary permissions?

Gibbs Denley director David Ellis says the DFM will be a simple solution targeted to “small IFAs”.

He says: “There are a lot of DFMs out there and we want to be different because we’re born out of being IFAs so we know what they want.

“We are launching the DFM because our proposition has matured, which means we are making sure we’ve got a proper, stable model portfolio; not just risk-graded but also with an active and passive offering and a
specialist portfolio.

“That is how we operate professional, centralised investment propositions for our clients, so we don’t have just one model.”



Should IFAs get discretionary permissions?

More advisers are looking to bring investments in-house, experts are predicting, but barriers to entry can be tough to overcome. Events such as the commercial property saga of last year and disappointment with some external discretionary fund management firms are cited as some of the reasons why advisers would prefer to have more control over […]


Advisers divided on merits of discretionary permissions

Nearly half of Money Marketing readers think that advisers should have discretionary permissions, our latest poll shows. In a survey of 120 readers on the Money Marketing website, 43 per cent said advisers should have discretionary permissions. 40 per cent said they should not, and 17 per cent remained undecided. Many discretionary managers have reported […]


MPs sound Brexit warning over expat pensions

The head of an influential committee of MPs has urged the Government to make sure British expatriates are not left without their pensions as a result of a ‘cliff-edge’ Brexit. Treasury select committee chair Nicky Morgan has written a letter to Chancellor Philip Hammond warning over the future of long-term pensions and insurance policies that […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment