IN LINE WITH global trends, the past decade has seen the rise of a new type of entity in the South African financial services space: the discretionary fund manager or DFM.
If you invest through an independent financial adviser or planner, you may have come across the term. Or it may be that your investments are being managed by a DFM and you don’t realise that that is its generic name.
What is a DFM?
A DFM is an asset manager that services financial advisers by taking over
