jm finn offers discretionary

JM Finn & Co has been approved as a discretionary fund manager (DFM) on the Ascentric wrap platform, offering its investment management services to advisers.

jm finn offers discretionary

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The Tailored Platform Solution (TPS) means if an adviser had a particular investment philosophy JM Finn can build and manage its portfolios accordingly.

By working through Ascentric the firm said it hoped advisers would be able to integrate its services into the propositions they currently offer.

Mike Mount, director of intermediary sales and head of JM Finn & Co’s Cardiff office, said: "Financial advisers have told us they are interested in working with a DFM but they want to maintain control of the client relationship and custody of the client’s assets; by partnering with Ascentric we are able to meet these requirements.

"Through the platform we are able to build portfolios that meet advisers’ and their underlying clients’ needs and all in a cost effective manner."

The TPS offers research and portfolio construction across the full range, from a pure-index based approach to an active multi-manager solution.

JM Finn will take on the regulatory responsibility of fund selection, monitoring and switching and for the regular rebalancing of asset allocation.

Dominc Ventham, head of marketing at Ascentric, said: "We have seen an increasing number of IFAs outsourcing their investment solutions to DFMs on the platform.

"With RDR just around the corner, this trend is likely to continue increasing as IFAs seek to de-risk the investment decision-making within their businesses."

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