Things to consider:
When selecting a DFM:
• Parent size and ownership
• Credit ratings and financial strength measures
• Brand strength
• Assets under management
• Longevity in the market
• Style and approach of the investment process and service
• Research capability
• FCA permissions held
When choosing platform portfolios:
• Nature of the relationship between adviser, client and DFM
• Number of portfolios available
• Asset classes used
• Range of investment vehicles used
• Use of clean share classes
• Performance benchmarks and any track record
• Charges, including dealing
• Availability within tax wrappers
When considering adviser and client support:
• Client reporting
• Market commentary
• Portfolio updates, including rationale for any changes
• Adviser meetings and seminars
• A range of support, including face-to-face, telephone, platform account managers and technical support
Source: Defaqto
