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Discretionary move studied

RSM Bentley Jennison Finan- cial Management is looking at launching a discretionary fund management arm.

The Standard-Life backed firm says it would operate alongside its advisory business but may have a separate brand name.

Investment director David Wynn says: “We are looking at discretionary because we run model investment portfolios for our clients and on an advisory basis it is difficult because you have to wait for clients to write back to give you authority to trade. From an administration perspective, we are looking at how we can make the whole process more efficient for clients.”

The firm uses a selection of platforms but will use just one for its discretionary service. Platforms under consideration include Standard Life, Raymond James and Seven Investment Management.

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