OCM Wealth Management launches DFM platform

A wealth manager has launched a platform centered on discretionary fund management that claims to reduce costs for advisers.

OCM Wealth Management said its Platform Plus product, currently used by ten staff internally, cuts fees for advisers using a DFM from 2.2% to between 0.75% and 1.25%. It claims to do this by eliminating the double charging of a traditional platform and DFM model. CEO Jason Stather-Lodge said the platform provides a post-RDR solution for advisers looking to streamline their business. "We set out to combine a discretionary asset management process, with a service that is both client-focused and integrated with the IFA post-RDR," he said. "We have created a platform which uses whol...