Fixed fee service aims to revolutionise discretionary fund management fees

Portfolio strategists Assetfirst have created a platform which could revolutionise the way we pay for discretionary fund management (DFM) via an independent financial adviser (IFA). Assetfirst's partnership with discretionary investment manager Fundamental Asset Management has resulted in a unique portfolio service which gives IFAs the option of paying a fixed fee for access to an expert investment platform. This is a sharp turn-around from the existing percentage fee structure which, as we have written about previously, can soon build up and damage the potential value of a portfolio. Subscription based model adds value to adviser and clientFAM Assetfirst charges IFA firms a fixed fee…