Centralised investment propositions are a way for advisers to outsource the investment management function of their business, and discretionary fund management is an option increasingly favoured by advisers.
But what are the regulatory implications for an adviser choosing to outsource, and this guide will, in particular, examine the implications for advisers regulatory permissions of choosing to outsource on the basis of being an ‘agent as client”, as compared with an “agent of the client approach.”
Section one of the guide will examine the pros and cons of each of those options.
Once the adviser has chosen which type of relationship they want with the investment manager, the next task is to choose a provider. Section 2 of the guide looks at the considerations for advisers to consider when choosing an investment manager with whom to partner.
The premise of most outsourced investment propositions is that clients can be grouped together by risk, and that the risks associated with each asset class are clear and historic, despite the sharp changes in the wider world.
This guide offers 60 minutes of CPD.