DFM
Asset manager buys 50% stake in DFM for £7m
Deal adds £800m in assets under management
Octopus Investments merges away ‘uncompetitive’ DFM offering
Customers will incur higher fees
DFM consolidator Titan Wealth buys Cardale Asset Management
Company acquired Tavistock’s £1bn multi-asset arm in June 2021
No danger DFMs want to steal advisers’ clients
IFAs ‘absolutely in the driving seat’ when it comes to relationship with discretionary fund managers
M&G buys investment manager to enter MPS space
It plans to cut acquired firm’s fees to 0.15%