Standard Life pulls in £125m for new wrap

clock

Standard Life's discretionary service wrap has seen £125m of inflows since it launched in April this year, the group has said.

More than 100 adviser businesses have chosen a discretionary manager to look after client portfolios on the platform. The number of managers available has risen from 11 to 18 since launch.

The first managers include Brewin Dolphin, Charles Stanley, Frontier Investment Management, Investec Wealth & Investment, Liontrust, Quilter Cheviot, Sarasin & Partners, Seven Investment Management, Vestra Wealth and Standard Life Wealth.

Standard Life platform propositions head David Tiller said the demand for discretionary services remained considerable: "You have more advisers wanting to use the investment skills of quality discretionary managers, and we are seeing the move to a platform-centric model that lets advisers retain flexibility, transparency and control.

"As the UK’s wealth is increasingly moving to an older demographic, the combination of tax optimisation and investment strategies is vital."

More on Investment

Stories of the Week: FCA eyes extension of SDR remit; BOE: rate cuts remain 'some way off'; AssetCo AGM resolutions pass

Stories of the Week: FCA eyes extension of SDR remit; BOE: rate cuts remain 'some way off'; AssetCo AGM resolutions pass

FCA; BOE; AssetCo: : The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 26 April 2024 • 1 min read
US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

Slashes dividend target

James Baxter-Derrington
clock 24 April 2024 • 1 min read
Partner Insight: Rate cuts are the next big move to play for

Partner Insight: Rate cuts are the next big move to play for

Strategic fixed income positioning can unlock higher yields in 2024, even as interest rates head down, say Fidelity’s Kris Atkinson and Shamil Gohil.

Sarka Halas
clock 23 April 2024 • 4 min read
Trustpilot