Financial advisers can justify charging ongoing fees for discretionary portfolio management services by demonstrating the value they provide to clients. When financial advisers introduce clients to discretionary fund managers (DFMs) and clearly define the separate responsibilities, it can benefit both clients and be commercially viable for the adviser and DFM. The financial adviser is typically responsible for gathering client information, suitability assessments, and reviewing the client's situation, while the DFM manages the investments and provides reporting. Research shows clients are satisfied when fees are reasonable and services are properly positioned and differentiated.