More than 30 discretionary fund managers (DFMs) have signed up to use FE Transmission, a data service which allows financial advisers to research and analyse model portfolios and DFMs.

FE Transmission was launched in March 2015 and the list of 31 subscribers includes model portfolio firms such as Brewin Dolphin, Brooks MacDonald, Charles Stanley, 7iM, Old Mutual, LGT Vestra, FE Invest, Thesis Asset Management, Bordier, Standard Life, Liontrust and Quilter Cheviot.

The number of Financial Planners using or offering their own DFM service has mushroomed in recent years and Financial Planning Today magazine includes DFM coverage in each issue plus a full listing of UK DFM providers. You can view the latest issue HERE.

FE says that Transmission supports advisers’ due diligence and improves transparency in model portfolio assessment. FE says it gives advisers the capability to research and analyse firms’ portfolios using FE Analytics’ performance tables, charts, factsheets, FE Risk Scores and holdings-based analysis.

Matt Surfleet, commercial director at FE, said: “Reaching 31 DFM subscribers is significant because advisers now have even greater power to compare model portfolios with their own legacy portfolios, conduct comprehensive due diligence and demonstrate exactly why their DFM recommendations are paying off for their clients.”

Simon Doherty, lead portfolio manager of the Quilter Cheviot MPS team, said: ''We have been delighted to partner with FE in making our platform-based MPS and MPS Index (IDX) strategies available to advisers via the Transmission service. We see our association with FE Transmission as another exciting milestone in the evolution of our MPS - assisting advisers with their due diligence, portfolio selection and reporting through this innovative service.”

Helping advisers better engage with model portfolio providers was also a key motivation for the launch of the FE Analytics+ Investment Planner tool late last year.

FE Transmission collects data straight from the source and is linked to the model or discretionary provider. It enters the portfolios into daily analysis and reporting under an adviser’s own parameters. FE says it allows advisers to gain a more comprehensive view of the underlying holdings of their outsourced investment propositions. Advisers can monitor changes to the sector, asset and regional allocations of the portfolios and consistently evaluate its match to clients’ risk levels.