The move to wrap accounts is inevitable over five years

administration

Intermediaries could save up to 70% of admin costs by using the latest technology

Wrap accounts have become big news in the UK retail savings market over the past 12 months, with many predicting that the UK wrap market will fully develop over the next three to five years, and potentially change the balance of today's value chain. Using wrap accounts, intermediaries can buy, sell and manage investments across different asset classes - all from a single access point. At the same time, wraps offer clients a single view of their portfolio and transactions. A full wrap service incorporates six key elements: a full suite of financial planning tools; all appropriate product ta...