Behind the headlines: The real reasons advisers use DFMs and how outsourcing impacts their businesses

State of the UK DFM market

Lauren Mason
clock • 4 min read

More than half of advisers have seen their salaries increase since using discretionary fund managers (DFMs), according to a report commissioned by Rathbones.

Out of these, more than a third have seen their income grow by at least 20%, and 23% have experienced at least a 10% pay rise (see tables, below).  The report, The Value of Discretionary Fund Management, collated data from 100 advisers and found DFM-using advisers' clients have grown in size by an average of 18.5% since they started outsourcing, with roughly one third of a firm's clients now investing more than £500,000 with them.  The team at Rathbones, who commissioned the CoreData report in Q1 2018, stated: "Over the last ten to 15 years, third-party discretionary fund management h...

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