• Over a fifth (21%) of advisers expect to increase usage of DFM model portfolio services
  • To meet this demand, Aegon has widened their range of DFMs, now reaching over 80
  • The DFM fee instruction process is now automated, helping to further improve the adviser journey

Research carried out by NextWealth shows that over a fifth (21%) of advisers expect to increase usage of Discretionary Fund Manager (DFM) model portfolio services in the coming year.* This demand is being fueled by a desire for more efficiency, a greater consistency of outcome for clients and increasing regulation around usage of ESG and sustainable funds.

In response to this increasing adviser demand, Aegon has provided access to 12 new DFMs over the last 6 months, taking the total number of DFMs available to over 80. Advisers can access DFM model portfolios services via both its adviser platforms, Aegon Retirement Choices (ARC) and the Aegon Platform.

As part of its continued commitment to improving the adviser experience, Aegon has also made it easier to link clients to a DFM’s model portfolio service by automating the DFM fee instruction process. This will help save advisers valuable time on administration and enable them to focus more on client facing activities.

Aegon is committed to supporting advisers’ preferred provider of CIP (Centralised Investment Proposition) with the recent onboarding of new entrants to the market such as Betafolio, Legal & General Investment Management and Vanguard, in addition to the more established players such as Brooks Macdonald, Investec Wealth & Investment, Morningstar & RBC Brewin Dolphin. On top of that, specialist ESG providers such as EQ Investors and Tribe Impact Capital, are available for those advisers seeking more specific sustainable solutions.

Ronnie Taylor, Chief Distribution Officer at Aegon, comments:

“As part of our dedication to enhancing the adviser experience, we’re pleased to be able to support advisers’ CIP with one of the widest selections of Discretionary Fund Manager solutions, including Legal & General Investment Management and most recently, Titan Asset Management Ltd and P1 Investment Management Limited.

“Importantly, in delivering operational process improvements such as the automation of the DFM fee instruction process, we remove time and cost from advisers’ businesses, making Aegon easier to do business with.”

Paul Measures, Head of Intermediary Sales at Legal & General Investment Management, a DFM available on the Aegon platforms, commented:

“We are delighted to be a listed Discretionary Fund Manager on the Aegon platforms. Aegon has a considerable history and experience when it comes to running platforms that help manage our clients’ financial futures.

“We work with a number of platform providers including Aegon to provide clients with LGIM’s cost-effective and scalable Model Portfolio Solutions. We bring together our award winning multi-asset capabilities and leading index expertise to offer 25 different growth and income portfolios across a wide choice of risk profiles.”

* NextWealth research among 327 financial advice professionals, 12 July – 11 August 2022, conducted by NextWealth with The Personal Finance Society. https://www.nextwealth.co.uk/research/financial-advice-business-benchmarks-report-2022, p.24.

About Aegon

  • In the UK, Aegon offers pension, investment and protection solutions to over 3.8 million customers. Aegon employs over 2,000 people in the UK and together with around 1,000 people employed by Atos, we serve the needs of our customers. More information: www.aegon.co.uk. Figures correct as at 31/12/2021
  • Aegon UK is part of the wider Aegon Group, based in the Netherlands, whose roots go back to the first half of the nineteenth century. Since then, Aegon has grown into an international business, with over 31 million customers in multiple countries and EUR 1.02 trillion of revenue generating investments (as at 30/21/2021). More information on www.aegon.com

The information in this press release is intended solely for journalists and shouldn’t be relied upon by any other persons to make financial decisions.


Advice Adviser