View more on these topics

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.

Recommended

1

Providers fight factoring ban

Providers will continue to lobby the FSA over its ban on factoring, arguing that the regulator has failed to make a case for removal.

Medicals Direct acquires Capita arm

Medicals Direct Group has bought the medical support business of Capita Insurance Services which has a client base of 50.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com