Zurich has added Brewin Dolphin, Charles Stanley and Vestra Wealth to its platform to help advisers who wish to outsource, Alistair Wilson has said.
According to Mr Wilson, who is head of retail platform strategy at the life and pension provider, Zurich is also in discussions with other discretionary fund managers and will be looking to add them later in the first quarter of 2015.
He said the move had been sparked by the growing appetite for outsourced investment solutions among advisers.
Mr Wilson said: “We are committed to ensuring advisers and their clients have the widest range of managers and assets possible, including investment trusts, exchange-traded funds, stocks and shares.
“The depth of functionality on our platform enables advisers to select more than one discretionary manager at a time, or use them alongside other investment funds, all within the same tax wrapper if that’s what they choose.”
Adviser view
Duncan Glassey, of Edinburgh-based Wealthflow, said: “On the one hand I can see why advisers are attracted to DFMs, because it adds some credibility to them and they can say they are working with some quite large names.
“The problem I have is just how expensive it is in the UK for what these DFMs do.”
