DFM Versus Financial Planner

What is the difference between Discretionary Fun Management and a Financial Planner?

What does a Discretionary Fund Manager Do?

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What is the difference between Discretionary Fund Management and a Financial Planner?

Everyone wants to grow their wealth and most of us want to pass it on to help our family or charitable causes. It's not impossible to manage this yourself, but not everyone wants the responsibility or frankly to spend that much time thinking about it.

So who do you turn to for advice? The various type of firms that could help come under many different guises; Wealth Manager, Financial Adviser, Discretionary Fund Manager or, in our case, Financial Planner.

What does a Discretionary Fund Manager Do?

Is it different from a Financial Planner? Here we explain the similarities and differences to help you decide the kind of service you require.

Discretionary Fund Managers are focused on increasing your returns within the paremeters you agree, in terms of the risk you are willing to take. They offer a bespoke service and buy and sell assets within your portfolio to maximise your returns.

Some are large national or global companies that run huge multi-million pound funds, others are small local offices who provide a very personal service.

What does a financial planner do differently?

Financial Planning is not just about your money, that is an almost secondary part of the service.

The primary aim is to look at your life as a whole. So that includes your family situation, ALL your assets (not just your investable cash) and all your liabilities. We use cashflow modelling software to plot ahead and see what impact life changes can have on your future plans. Those life changes can be planned or unexpected but we look at every eventuality to see what would happen. Do you have more than enough to give away? How much inheritance tax will you need to pay?

So what do we do with your money?

We are not fund managers or fund pickers, our skills lie in helping you make the right financial decisions at the right time. By looking at your finances as a whole, we can help you achieve the best outcomes while ensuring your money will support your current needs and goals for the future.

You can find out more about the Wealth Management element of our Financial Planning services by clicking the button below. You can also request a copy of our FMB Investment Guide to find out more about our investment process and how we work with external experts to help us keep our coveted independent status.

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If you would like to discuss how we can help you to grow your wealth and meet your long-term goals, get in touch today.

Our initial meeting is free and without obligation.

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FMB Financial Management Bureau Limited, Shenstone House, Helsington, Kendal, Cumbria LA8 8AA. Telephone: 01539 725855 Email: info@finman.co.uk

Financial Management Bureau Limited is authorised and regulated by the Financial Conduct Authority.
Financial Management Bureau Limited is a limited company registered in England and Wales. Registered office: Shenstone House, Helsington, Kendal, Cumbria LA8 8AA. Registered number: 02089786
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk

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Growing Your Wealth

DFM Versus Financial Planner

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