Adviser Chiefs - the IFA revolution

Frustration with traditional multi-manager funds from asset managers has reached the point that some independent financial advisers are taking matters in to their own hands

For once, independent financial advisers have asset management groups on the hop. Multi-manager products may be all the rage but dull cautious managed retail offerings are sometimes not up to scratch - no wonder IFAs are setting up their own. These are busy times for John Husselbee, founder of North Investments, which offers tailored outsourced multi-manager funds to independent financial advisers. He has already signed up a number of firms and has a further two to four lined up for potential launch in the next six months. He said: "It is good going even in these conditions. It shows ju...