What is a Discretionary Fund Manager? Roles and Responsibilities Explained
When it comes to managing investments, many individuals and institutions turn to professionals for guidance. One popular solution is discretionary fund management , a service designed to streamline portfolio decisions and save investors time and stress. But what exactly does a discretionary fund manager do, and how can they benefit your financial journey? In this post, we’ll explore the roles and responsibilities of a discretionary fund manager, who typically they work with, and why so many investors in the UK rely on this service—especially with expert firms like Smith Eliot Financial Management offering tailored solutions. What is a Discretionary Fund Manager? A Discretionary Fund Manager (DFM) is an investment professional or firm authorized to make investment decisions on behalf of their clients without needing prior approval for every transaction. Once you agree on an investment strategy and risk profile, the manager takes full responsibility for selecting, buying, and selling ...