SIPP management by DFM
SIPP management by DFM
Author
Discussion

giles panizzi

Original Poster:

323 posts

263 months

Saturday 24th March 2018
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Anyone have any advice/tales re outsourcing to a discretionary fund manager.....

JulianPH

10,084 posts

144 months

Sunday 25th March 2018
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Make sure dealing charges are included within the DFM's fees (as these can up to c. 2% a year on top of the disclosed charges). MiFID II should sort this problem out soon.

Hardly anyone does proper DFM these days (i.e. completely bespoke for you) as the regulatory risks are too high. You could be better off using a DFM's model portfolio service (the house models for different risk/reward levels) which is cheaper and virtually the same thing. Again, check that dealing charges are included.

Some DFM's offer model portfolios with a free SIPP (read pension, as you can't invest in anything else) and some SIPP providers offer a free SIPP (including external investments) if you use their DFM model portfolios for part of your holdings. This also saves on fees.

PM me if you would like anything further. Alternatively GingeR could assist.


Derek Chevalier

4,667 posts

203 months

Monday 26th March 2018
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giles panizzi said:
Anyone have any advice/tales re outsourcing to a discretionary fund manager.....
Do you have any in mind?