Don't rush into wrap propositions

wrap platforms

Adviser firms should not rush into adopting a wrap proposition as these are not yet fully developed in the UK, and adviser businesses will first have to tackle bigger issues before they can adopt a wrap and be truly satisfied with it

I feel like I am in a strong position to have an opinion on wraps for two reasons. Firstly, I am young. As an adviser in his mid 20s I have grown up with technology and feel comfortable using computers. Secondly, I have been on the receiving end of a fair amount of presentations about wraps. Discussing wraps is always difficult, if only because we are yet to see a single definition for a wrap platform on which everyone can agree. This might have more to do with the fact every provider wants to align the definition to their own business objectives, rather than the adviser community havi...