Calls for common due diligence system for advisers

Creating a common due diligence framework would help financial advisers to make decisions such as selecting discretionary fund managers (DFMs), a senior figure from an investment management firm has claimed. Robin Beer, head of intermediary at Brewin Dolphin, told FTAdviser that one of the challenges advisers face is a lack of consistency in due diligence procedures.

Due Diligence

In February this year, the Financial Conduct Authority (FCA)