What should advisers really expect from a DFM?

As advisers gain access to better research, technology and investment tools, discretionary fund managers (DFMs) increasingly have to prove where they genuinely add value. In the latest DFM Discussion, The Robert Group head of investments, Devin Shutte joins Citywire South Africa editor Ruan Jooste to discuss manager selection, portfolio construction, fees and why avoiding bad investment decisions can be as important as finding winning ones. They also explore offshore diversification, private markets and whether AI will strengthen the DFM model or commoditise some of the research advisers currently pay for.