LAST WEEK I introduced you to the world of discretionary fund managers, known throughout the financial services industry simply as DFMs (“DFMs: what are they and how do they benefit you?”, Personal Finance, June 15). DFMs service independent financial advisers by managing their clients’ investment portfolios.
I was initially a little sceptical of this breed of asset managers, who I believed further complicated an already complex investment landscape and added an extra layer of costs for the consumer.
But two interviews – the first with John Anderson from
