Fund supermarkets dominate wrap industry

Companies offering full-service wrap propositions and new market entrants are finding fund supermark...

Companies offering full-service wrap propositions and new market entrants are finding fund supermarkets’ dominance difficult to overcome, according to Defaqto’s latest wrap report. The report, ‘Wraps- Advisers Hold the Key’ indicates that wrap propositions have achieved a good level of awareness among financial advisers. This is confirmed by research conducted by Defaqto among 500 investment advisers which showed that 80% are already using platforms. Research among advisers utilising full service wrap propositions identified the hierarchy of features and services essential to their busi...