Cazenove Capital and its parent-company Schroders are delighted to announce that they have received the highest number of nominations as a “preferred provider” of discretionary fund manager (“DFM”) services in Defaqto’s 2023 DFM Satisfaction Study. Cazenove Capital and Schroders were the most frequently nominated UK provider achieving this status.
The accolade reflects the DFM services provided by both Cazenove Capital and Schroders Investment Solutions. The former provides advisers with bespoke portfolios for their clients, while the latter offers access to a wide range of model portfolios.
The survey, undertaken during August and September 2022, canvassed the views of adviser firms that have outsourced investment management assets to third-party DFMs. 294 firms responded to the survey. It was designed to assess which DFMs are recommended by advisers and the level of satisfaction with their services. Firms were asked to assess DFMs on fourteen categories, including financial strength and resource, brand, client-onboarding, existing business administration, investment flexibility and range of options provided.
Simon Cooper, Cazenove Capital’s Head of DFM Relationship Management, said:
“The Defaqto survey reflects the strong feedback we regularly receive from the adviser community. The huge shifts we have seen in the global economy and markets have made it all the more important to partner with a strong firm that can provide stability and reassurance in times of uncertainty, without surrendering returns.”
Gillian Hepburn, Schroders’ Head of UK Intermediary Solutions, commented:
“I am delighted that we have once again been recognised as a preferred provider of DFM services. Advisers take great comfort from knowing that their clients’ investments are in safe hands, giving them the freedom to really focus on advice and building their own businesses.”
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Note to Editors
About Wealth Management
As a long-established wealth manager with an absolute focus on preserving and growing our clients’ wealth, what matters most to our clients, matters most to us.
Private individuals, family offices, trusts, institutions and charities all rely on us to provide them with bespoke wealth management services. Skilled in investment management, wealth planning and banking services – we also offer discretionary fund management to external advisers and their clients, and we are the largest charity fund manager by assets under management in the UK.
For two centuries we have helped clients look forward to a successful future. With each client, we plan for the long term and invest the time to gain a detailed understanding of their unique circumstances, goals and ambitions. The majority of our clients, and many of our own people, work with us for years, decades and even generations. This creates relationships of unusual depth.
Our experience of navigating complex markets and adapting to change helps us balance risk and reward. The investment expertise we call upon as part of Schroders, a truly global asset manager, combined with our long-standing experience of advising clients, is what sets us apart.
Wealth Management office locations
Cazenove Capital: UK and Channel Islands. Schroders Wealth Management: Singapore, Hong Kong and Switzerland.
Schroders Wealth Management, including Cazenove Capital, has £98.1 billion in assets under management globally across all Wealth Management offices (including Benchmark Capital, part of wealth management) as at 31 December 2022.
Issued by Cazenove Capital which is part of the Schroders Group and is a trading name of Schroder & Co. Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
When investing, your capital is at risk.
The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested. Cazenove Capital is a trading name of Schroder & Co. Limited. Registered Office at 1 London Wall Place, London EC2Y 5AU. Registered 2280926 England. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be recorded or monitored.