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Wren Sterling’s DFM options
Following an assessment of your needs, your financial planner may recommend a third party discretionary fund manager to choose your investments and manage them. Whilst your financial planner will retain the responsibility for your financial planning requirements, the chosen discretionary fund manager will focus on increasing the returns from your investments using guidelines that are suitable based on your investment objective and attitude to risk.
Wren Sterling is an independent financial advisory business. This means we recommend the most suitable investment solution for our clients from across the market. We do due diligence to ensure that the discretionary fund managers we select can be trusted with our clients’ money and have a good track record.
When investing, it’s important to remember that the value of your investments can go down as well as up and you may get back less than you invested.
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DFM suitability
Discretionary fund management is not suitable for all clients. As part of our recommendations, we will advise you on whether a DFM is the right vehicle for your investments.
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Investing through a DFM
If your financial planner believes a DFM is a suitable option for your investment portfolio, you will be given further information about the DFM’s charges, performance and investment philosophy.
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Magnus
Your financial adviser has the option to recommend Magnus, a discretionary fund manager that is part of the same group of companies as Wren Sterling. However, before any personal recommendation is made, your specific needs and objectives will always be considered, with a focus on ensuring that the investment philosophy and charges are appropriate to help you to achieve your goals.
Please note, it is not possible to invest directly into Magnus. All of Magnus’s investors are advised by Wren Sterling financial planners.
Why use a DFM?
One of the main benefits of using a DFM is that the investment manager can make timely investment decisions without seeking your authority. It also takes away the time burden of managing funds for investors.
On the downside, costs can be higher than other investment options, so when we build your recommendations, we strike a balance between your objectives and the costs of executing our recommended strategy. All costs and charges are disclosed to Wren Sterling clients before any decisions are taken on your behalf.
