FE, a financial data and research company, has introduced a new service which will enable advisers to directly compare the model portfolios offered by discretionary fund managers (DFMs).
The new tool called FE Transmission, will offer a way for IFAs to ask for independently compiled performance data from DFMs on transactions and holdings.
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The tool will enable data automation, document management, communications, administration as well as a DFM directory for advisers.
Four DFMs including Rowan Dartington Signature, Thesis Asset Management, Vestra Wealth and London & Capital have already signed up to the new service. Moreover, another three DFMs are in the immediate pipeline.
Rowan Dartington Signature MD Guy Stephens commented, "This new service will not only get under the bonnet but also allow the IFA to rate services on whichever criteria he considers to be the most relevant to his business or client circumstances."
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