Discretionary Fund Management

Tailored portfolios built on experience

The DFM service

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What is the
Discretionary Fund Management Service?

A bespoke portfolio management service for advisers with clients with assets of £200,000+ to invest

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Who is it for?

Advisers looking to outsource the
day-to-day asset allocation and fund selection decisions, allowing more time to focus on clients' financial planning requirements

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Why Cazenove Capital?

Our dedicated DFM team, supported by the depth of investment resource of the Schroder Group, will work with you and your client to tailor and manage a portfolio to suit their risk profile and financial goals

Our approach

We are focused on preserving and growing the value of your clients' wealth after inflation, in a tax and cost-efficient manner. Our investment philosophy is underpinned by two key factors: an understanding of the business cycle and its impact on different asset classes and underlying investments, as well as a strong belief in the merits of diversification.
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Risk monitoring

We work with you and your client to determine which of the four risk categories below is most suitable for them. Within each risk category we have optimal asset allocations from which we can offer detailed guidance on the potential volatility of our portfolios to help you with the outcomes of your own risk profiling

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Portfolio construction

Our specialist investment team draw on research from the wider Schroder Group and external investment community in seeking to construct portfolios which aim to achieve strong risk-adjusted returns. The four risk categories below serve as starting points and are tailored to meet individual client requirements

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Manager selection / de-selection

Our manager selection team conduct in-depth research with fund managers, testing not only that their views are consistent with our own, but that the structure of their funds appropriately reflect their stated strategies

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Ongoing active management

Portfolios are constantly reviewed and altered as appropriate to keep them aligned with developing market conditions and client objectives which may, of course, change over time

Business cycle approach

Explore each phase of the business cycle.
Business cycle graph - slowdown
Business cycle graph - recession
Business cycle graph - recovery
Business cycle graph - expansion
  • SLOWDOWN
  • RECESSION
  • RECOVERY
  • EXPANSION
  • SLOWDOWN
    Slowdown

    Growth decelerating, inflation rising

    Recession

    Growth decelerating, inflation falling

    Recovery

    Growth accelerating, inflation falling

    Expansion

    Growth accelerating, inflation rising

    OVERWEIGHT

    MARKET

    UNDERWEIGHT

    Absolute return

    Corporate bonds

    Government bonds

    Cash

    Commercial property

    Developed market equities

    Developing market equities

    Commodities

    What are the risk categories?

    The four risk categories below serve as starting points which are then tailored for each individual client

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    What are the risk categories?

    The four risk categories below serve as starting points which are then tailored for each individual client

    Higher
    Return
    Roll over doughnuts for details
    Lower
    Volatility
    Higher

    Cautious

    Balanced

    Growth

    Aggressive

    Parameters pie chart
    11% UK equities
    8% Overseas equities
    4% Structured products - participation
    45% Fixed income
    20% Absolute return
    5% Property
    4% Structured products - autocalls
    3% Cash
    Parameters pie chart
    21% UK equities
    18% Overseas equities
    7% Structured products - participation
    25% Fixed Income
    18% Absolute return
    5% Property
    6% Structured products - autocalls
    Parameters pie chart
    31% UK equities
    27% Overseas equities
    5% Structured products - participation
    12% Fixed income
    15% Absolute return
    5% Property
    5% Structured products - autocalls
    Parameters pie chart
    41% UK equities
    36% Overseas equities
    4% Structured products - participation
    10% Absolute return
    5% Property
    4% Structured products - autocalls
    UK equities
    Overseas equities
    Structured products - participation
    Fixed income
    Absolute return
    Property
    Structured products - autocalls
    Cash

    Scroll or swipe to compare all 4 funds

    Use the arrows to compare all 4 funds

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    5 reasons to invest
    1

    Tailored portfolios: expertly managed to provide strong risk-adjusted returns in line with your clients' risk category

    2

    Dedicated portfolio manager: you and your client will have direct access to a portfolio manager, as well as a dedicated support team, who have been working with advisers for over 15 years

    3

    In-house investment expertise: a team of highly experienced portfolio managers and dedicated specialists with real expertise in some of the more complex areas of investments

    4

    Depth of investment resource: we can draw on the global investment research capabilities of the Schroder Group as well as external specialists

    5

    Proven long-term track-record: strong risk-adjusted returns with the average Cazenove Capital Cautious, Balanced Asset, Steady Growth and Equity Risk portfolios consistently delivering above average performance over 3, 5 and 7 years*

    * Source: Asset Risk Consultants PCI (ARC) at 31st March 2016.

    Meet the team

    Our dedicated DFM team have worked closely with advisers and their clients for 15 years providing tailored discretionary fund management. You and your client will have direct access to a highly experienced portfolio manager, as well as a specialist support team.

    What are the risks?

    • The Manager cannot guarantee that it will achieve the objectives set out for the Funds
    • Past performance is not a guide to future performance
    • The value of investments and the income from them can go down as well as up and an investor may not get back the amount originally invested
    • Investments may be affected by fluctuations in exchange rates
    • The levels and basis of tax assumptions may change. You should obtain professional advice on taxation where appropriate before proceeding with any investment
    • The services, securities, investments and funds described may not be available to or suitable for your clients