North plays outsourcing trend

john husselbee's operation exploits advisers who are outsourcing to specialist fund managers

John Husselbee believes there is a growing trend in the UK marketplace for IFAs to take control of asset allocation by outsourcing fund management to multi-managers. Intermediaries are launching their own fund ranges and outsourcing the ACD and management elements to companies that offer portfolio management, such as Husselbee's North. Husselbee noted: "Intermediaries want to take back the power and be in control of the distribution. "More and more are setting up their own funds and outsourcing the management to business models like ours." In support of this statement, Husselbee's firm ...