DFM service review 2018

by Fraser Donaldson
Insight Analyst - Funds and DFM

May 2018

This document reviews the service provided by DFMs, as rated by financial advisers. While four out of the top seven aspects of service are either meeting or exceeding adviser expectations, satisfaction levels have fallen overall across the 14 aspects of service.

Results of the survey indicate that selecting MPS through a platform is growing in popularity, whereas MPS through direct custody is waning.

In our survey, we asked advisers to rate DFM providers in relation to the importance of 14 categories:

  • Investment flexibility – range of assets
  • Quality of staff - investment
  • Investment flexibility – range of options
  • Ease of doing business
  • Existing business administration
  • Quality of staff - administration
  • Client on-boarding
  • Provider financial strength and resource
  • Online facilities
  • Accessibility
  • Quality of literature
  • Provider brand
  • Remuneration

This independent publication helps advisers benchmark how the service they receive compares to their peers, enabling them to select partners based on service.

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