Research and ratings group RSMR has introduced an online service DFM Academy to help advisers make due diligence and DFM selection easy for advisers.

It will include a DFM profile for all solutions, news and ideas from the DFMs, along with videos and events for advisers.

The launch has been triggered by adviser demand for additional clarity in the DFM selection process. It complements the group’s DFM rating launched in 2016.

The DFM Academy has received the support of Brewin Dolphin, Cazenove Capital, Quilter Cheviot, Rathbones, 7IM and Waverton.

RSMR joint managing director Geoff Mills said:  “The nature of the DFM market means that a purely quantitative approach is not appropriate – indeed obtaining relevant performance and risk data is difficult due to the bespoke nature of the portfolios.

“This makes our qualitative based approach all the more suitable, as we look in detail at how the managers run the portfolios and base our assessment far more on this aspect.”

RSMR aims to meet the evolving requirements of financial advisers and asset managers, the group says on its website.

It first introduced its online fund ratings service for advisers in 2007.

The firm provides ratings for UK advisers covering active and passive funds, SRI-themed funds, multi-asset funds, investment trusts as well as DFMs.