Fund ratings group RSMR has created an online service to help advisers using discretionary fund managers (DFMs) with due diligence and fund selection.
DFM Academy has been added to RSMR’s Adviser Hub to offer a qualitative assessment of DFMs in addition to the quantitative fund ratings it provides.
The service includes a profile for all DFM solutions, as well as news and ideas from the DFMs, and videos and events for advisers.
It has six DFMs including Brewin Dolphin, Cazenove Capital, Quilter Cheviot, Rathbones, Seven Investment Management and Waverton.
RSMR said in a press release it was developed in response to adviser demand for additional clarity in the selection and use of DFMs.
RSMR founder Geoff Mills said: “The nature of the DFM market means that a purely quantitative approach is not appropriate – indeed obtaining relevant performance and risk data is difficult due to the bespoke nature of the portfolios. This makes our qualitative based approach all the more suitable, as we look in detail at how the managers run the portfolios, and base our assessment far more on this aspect.”
He added: “As our advisory client list continues to expand we are determined that our service proposition evolves in line with the needs of our clients, ensuring we support them as they deliver quality investment solutions to investors in these challenging times.”
