3 Relationships between advisers and DIMs Chapter one Relationships between advisers and discretionary investment managers Background The Consumer Duty Regulatory background Selecting the right investment solution Discretionary investment management propositions Platforms Research and due diligence Professional Indemnity (PI) insurance Product governance (PROD) Chapter two Structure of arrangements - Agent as client Structure of arrangements Client agreements Suitability obligations Reporting to investors Charter three Structure of arrangements - Reliance on others Structure of arrangements Client agreements Suitability obligations Reporting to investors Conclusion Appendix Appendix one - Checklist - Adviser firm Appendix two - Checklist - DIM Appendix three - Consequences of categorisation as a professional client 4 5 6 8 10 10 12 13 14 15 16 17 19 21 22 23 24 26 27 28 29 31 32 35 38 Contents
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