Discretionary Fund Management

Agility to maximise opportunities

April 2017 sees the arrival of Discretionary Fund Management (DFM) for Moyes Investments.

Our goal was to secure the qualification and necessary permissions to launch our own DFM programme in April 2017.  We are delighted and proud to offer all of our existing and new clients a DFM service as currently only 3% of firms offering financial advice to retail clients in Britain have discretionary powers”   Antony Moyes.

 

What is the difference between DFM and normal adviser firm practices?
Discretionary Investment Management is a form of investment management where trading decisions are made for clients at the portfolio manager’s discretion. Under non-discretionary investment management, trades must be discussed and approved by clients before taking placeThe main difference with DFM is because the authority is given at the beginning of the relationship; we can act more swiftly and move money on behalf of our clients, without the need for written consent each and every time.  This means, we can maximise opportunities on our clients behalf which in turn delivers peace of mind, especially in the current volatile markets and our clients know their investments are being monitored and managed.

What does Antony’s new status as a DFM mean for clients?
All clients who engage with a firm or adviser expect a return on their investments.  The majority of advisers can offer a DFM proposition to their clients but this is usually outsourced to an experienced and highly qualified investment professional.  As with any outsourcing, this can cause further complexities.  At Moyes Investments, we do not need to outsource as we are qualified to offer DFM direct to all of our clients.  This way we can further reduce any associated risks and still offer our clients a highly professional and personal DFM service.

How does DFM work?
The advisory model can be difficult for many in terms of rebalancing portfolios and being nimble in changing markets. Moyes Investments have taken the huge steps to be qualified ourselves in an effort to combat these problems. Utilising a DFM service can bring efficiencies and help to reduce portfolio slip.  It allows Moyes to manage the financial planning and strategy for our clients on an advisory basis and whilst monitor investment markets and performance to optimise returns on a discretionary basis.  Because there is no ‘lag period’ waiting for clients to give permission to switch funds, a DFM client gives autonomy for Moyes Investments to act and move swiftly in changing markets (as consent has already been given).  This permission helps us to keep on top of the investment management for each and every client and we believe this will be additional value to them.

What are the benefits to using a DFM SERVICE?

There are many benefits including:

  • The investments are on a platform, so if the funds need to be moved swiftly, this is achievable.
  • Advice and Investment management are held under one company – Moyes Investments. There is no third party involvement so you can be assured of the same hand-held service.
  • Moyes Investments manages the risk and time frame strategy, which can be altered in light of changes in the client’s life through joint dialogue.
  • We host monthly Investment Committee meetings to study and monitor funds and watch the markets carefully to anticipate and maximise fund values.

 

Please contact us if you have any queries regarding your current or future investment and you want to learn more about how Discretionary Fund Management works.  We will be happy to discuss your options and work out the best investment proposition for your personal needs.

To validate our firm please visit www.fca.org.uk/register

Our Financial services number is 571590.