Formue’s recent progress in discretionary portfolio management (DPM) has come from turning what is often a labour-intensive, bespoke service into a model that is both highly personalised and industrialised in the right places.
The Nordic wealth manager, with operations across Norway, Sweden and Denmark, has built its discretionary offer around a digital workflow which begins with the adviser and client agreeing the core elements of the mandate and ends with this strategy being translated directly into portfolio construction and rebalancing through SS&C Advent Genesis, a specialist portfolio-management platform used across the investment industry.
This straight-through setup reduces manual intervention and speeds up implementation, but its broader significance is strategic: Formue is trying to make discretionary management feel less like a standardised product and more like a scalable advisory process in which each client can still see their own preferences reflected in the end portfolio.
The clearest evidence of the...
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