'Innovation leads'
Wrap Platforms
A wrap is a highly-sophisticated business and technology offering that allows different types of investment to be ‘wrapped’ onto a single web-based platform. A wrap allows:
- a wide selection of custodial and non-custodial assets to be accessible to managers, advisers and investors in real time
- an IFA to move towards altering their business model from purely commission-based to fee-based or a combination of both. This business model alteration will potentially see IFAs being more geared towards helping their clients manage their assets rather simply selling new products
- a client to have a holistic view of their assets and liabilities
The UK is experiencing an increase in the tempo of wrap development as wraps are launched by large financial services entities or white-labelled by existing providers. These products are designed to accommodate the relatively complicated UK tax structures and product wrappers.
wrap components
Wrap development
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