When a DFM Client Dies: The Portfolio Is the Asset That Behaves Worst
Death hands the estate a free rebalance and takes away the authority to execute it. The three clocks that start on the date of death, and the protocol that should already exist.
10 articles tagged with "Discretionary fund management"
Death hands the estate a free rebalance and takes away the authority to execute it. The three clocks that start on the date of death, and the protocol that should already exist.
Most firms assess platform, DFM, fund and advice costs separately. Here is how to evidence fair value on the total cost of discretionary wealth management.
Consumer Duty for discretionary fund managers: manufacturer and distributor roles, fair value at total cost, target market drift and outcomes MI.
DFM performance comparison for UK advisers: why headline returns mislead, how to test composites and dispersion, and what to record on file.
DFM for high-net-worth clients: how UK advisers should set the mandate, control fees and CGT, and test custody and reporting above GBP 1m.
Agent as client vs reliance on others: how the two DFM structures allocate responsibility, FOS access and Consumer Duty obligations for UK advisers.
DFM minimum investment levels for UK advisers in 2026: MPS, bespoke, and segregated mandate thresholds, why they exist, and how to use them in segmentation.
How DFM portfolios are taxed in the UK: CGT on rebalancing, income character, wrappers, VAT on fees, and the 2026/27 figures advisers should know.
A clear breakdown of DFM charges for UK wealth advisers: management fees, OCFs, platform costs, and what to demand from providers under Consumer Duty.