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Cash Trust, Pension Trustee and Company Account Canada Life Intl. Bond Utmost offshore bonds
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Cash, Corporate & Trust and Bonds
Cash, Corporate & Trust and Bonds
Cash Trust, Pension Trustee and Company Account Canada Life Intl. Bond Utmost offshore bonds
OverviewDiscretionary Fund Management (DFM) Service
Our service offers DFMs the ability to create, amend, publish and transact across their portfolios within our secure online portal.
Self-manage user logins and permissions levels
- DFMs can login and access our Model Portfolio Centre
- DFMs can manage users of our site within the DFM firm
Access to our Model Portfolio Centre
- Create and manage models
- Publish models to multiple contracted adviser firms
- Bulk rebalance client accounts across multiple adviser firms and align other account attributes such as regular savings plans
- Report on all client accounts associated with models and the related adviser firm
- Download version history for the DFM model.
For further details please see our guide.
Publishing models
Bulk Rebalancing
Recent changes to make yourself aware of
- We can now pay fees directly to you for accounts that are on the latest version of client management
- Your fee will be paid monthly on the same date as adviser fees, which is on or around 25th of each month
- Some advisers may not have added a separate DFM fee to clients’ accounts, as they may have included this within their own fee, as previously everything was getting paid to them directly. Advisers may need to audit their existing accounts on DFM models and ensure a separate DFM fee has been set against each one in order to allow us to pay you directly
- Going forward if an adviser adds one of your models to an account, entering your fee will become mandatory, even if they enter zero. Similarly, your fee can only be entered if the account is linked to one of your models.
Important Note
Corporate Accounts, Pension Trustee Accounts and Trusts that remain on our old platform administration systems are not eligible for direct DFM fee payments. A separate DFM fee can be entered online but this will be added to the adviser fee and all paid to the adviser. You will need to continue collecting your fees manually from the adviser for these account types.
Setting up and deducting the fees
- Your fee rates continue to be set by the adviser firms for each underlying account. You’re not able to set up or amend fees on client accounts. Any changes must be made by the adviser
- The fees are calculated by taking a daily average of the account value and then working out a monthly average - the fee is based on this. This is deducted from the client account in the week following the month end and paid to you on or around the 25th of the month (same as the adviser fees)
- Your fee is deducted in the same way as Advisers Ongoing Fees. The default is for the fee to come from cash within the account. If there is no cash or insufficient cash available, then it will move to unit deduction. The adviser can choose if this is from the largest asset holding or nominate a specific holding within the account. Alternatively, they can choose for fees to come from the client’s Cash Management Account.
Discretionary Fund Manager Report
This report provides clients with a full breakdown of each account managed by a Discretionary Fund Manager (DFM). Download your guide, which can also be used with clients, which covers:
- Why we are sending a quarterly Discretionary Fund Manager Report
- What sections are contained in the report
- What information is shown in the report
Download now
