Discretionary Fund Management IFA Role

IFA Role

It is commonplace to delay any form of action without a full understanding of what is required. The role of the Independent Financial Adviser is to provide a bridge or link between the public and the products and services offered by the financial services industry.

A Discretionary Fund Manager might seem rather daunting and will often use terminology that confuses the lay man. The Independent Financial Adviser is on hand to help translate and understand this jargon giving you, the client peace of mind. Moreover the Independent Financial Adviser provides advice not just on investment, but also product. The question of investment is often solved through risk profiling, however deciding on what style of product and what tax advantages can be achieved can only be provided by this service.

Your Independent Financial Adviser will sit with you at least yearly, sometimes twice a year to discuss the suitability of the Discretionary Fund Manager chosen. The product into which you are invested, the performance of the Manager and the overall satisfaction of you, the client is also part of this review. If it is decided that the Manager is under-performing compared with other managers, it is possible to either take them to task over this, or in the worst case scenario withdraw your funds from the manager. The Discretionary Fund Management Firms openly admit that that they do not have the type of close relationship with clients that an Independent Financial Adviser strives to achieve, through an ongoing relationship over many years.

Your IFA Will:

• Help You Decide on the type of product you need
• Discuss your risk attitude
• Review the performance of your fund
• Advise of changes in legislation
• Update you on new innovative product coming to market
• Help you manage your increasing wealth