Alexforbes has launched a new discretionary fund manager as it looks to tap into a R500bn market. (Alexforbes/Supplied)
Multi-manager Alexforbes has entered the R500-billion discretionary fund management (DFM) market.
The group announced the launch of Investment Solutions by Alexforbes on Thursday, a new unit that will operate its investment and internal advisor businesses separately.
The new DFM unit will be focused on the retail investment market by exclusively targeting independent financial advisors (IFAs) and will be supported by Alexforbes Investments, with bespoke solutions structured especially for this market segment.
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