View more on these topics

Low-risk US fund firm in UK retail move

US asset management firm Dimensional is planning a major launch into the UK retail market in September led by former Schroders chief executive officer David Salisbury.

Dimensional, which has its head office in Los Angeles, has $39bn of assets under management worldwide. It is a low-risk fund manager with 30 pooled funds covering smaller company, value stocks and fixed-income securities in the US, European, emerging and global markets.

It believes IFAs will be attracted to its risk-averse approach with senior partner Rod Duncan due to visit major adviser firms across the country from next week to seek their views on a proposed product range and investment strategy.

The launch will be marshalled by European chief executive officer Salisbury, who was at Schroders from 1974 to 2001 alongside Duncan, who was Schroder Unit Trusts managing director and sales & marketing director from 1988 to 1999. In that time, assets under management grew from £500m to over £18bn, with £7bn from IFAs.

Salisbury says: “We believe that in an era of lower returns and greater risk consciousness, Dimensional&#39s structured approach will be hugely attractive to retail investors who want more from their savings than trackers can deliver but without significant additional risk.”

Chelsea Financial Services managing director Darius McDermott says: “The UK market is getting extremely cluttered and Dimensional must prove that it really is unique to succeed.”

Recommended

BBB to buy firms in multi-ties move

Berkeley Berry Birch is launching an acquisition vehicle focused on buying IFA firms wanting to multi-tie after depolarisation.Berry Birch & Noble Advisers has taken on a team to recruit regional IFA practices with annual turnovers of £1m-£5m with a view to becoming a national multi-channel brand. It comes as BBB is being launched with a […]

Waiting too long

Two weeks ago, I looked at how the industry might modify its approach to electronic new business processing to make it more attractive for IFAs to use. The natural counter point to any such development is the electronic delivery to advisers of information on existing contracts.Clients are always far more interested in the progress of […]

Health Shield – Options

Tuesday, May 28, 2002 Type: Healthcare cash plan Minimum premium: £1.40 a week individual cover, £2.40 a week family cover Minimum-maximum ages: 16-64 Maximum benefit: Dental £32, optical £32, Hospital in-patient £12 a night maximum 95 nights a year, hospital day case £12 a day, physiotherapy £65, specialist consultant £65, chiropody £32, health screening £25, […]

Independent View – Tony Byrne

Without a shadow of a doubt, today&#39s seemingly relentless onslaught of reviews, misselling scandals, exam requirements, compliance and training and competence standards, red tape, media attacks and overall Government antipathy towards IFAs and financial advisers in general represents probably the most challenging environment ever seen for even the most resilient of IFAs.Let us list some […]

The Rubik’s Cube: China’s policy trilemma

By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]

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