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Fixed fee service aims to revolutionise discretionary fund management fees

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Portfolio strategists Assetfirst have partnered with discretionary investment manager Fundamental Asset Management to launch FAM Assetfirst, a unique discretionary portfolio service available to Independent Financial Advisors via the model portfolio functionality available on most wrap platforms.

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,…

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