The outdated wrap

The traditional wrap proposition is becoming outdated. For those advisers moving towards the fee-based financial planning model, traditional platforms leave clients under-serviced and advisers overstretched

Financial planning firms are faced with a decision that may mean success or failure - how best to meet the investment management requirements of their clients. This decision is pivotal to maximising recurrent revenue, accelerating the acquisition of funds under management and creating the most streamlined of efficient administrative routines. And it is here that wrap platforms can fail for at least two inescapable reasons. Firstly, administrating large numbers of advisory client portfolios through a wrap can ultimately become unworkable. Secondly, wraps do not actually provide the most logi...