Sanlam and 7IM launch ‘open architecture’ onshore bond
26 November 2017
Sanlam and Seven Investment Management have teamed up to launch an onshore bond using the 7IM platform.
The Sanlam Onshore Bond is open architecture and can invest in authorised and regulated collective investment schemes. Importantly, advisers will not be limited to only using insured funds, the duo said.
Verona Smith, head of platform, 7IM (pictured), commented: “This new launch is a much anticipated product wrapper for advisers using the 7IM platform, and fills a much needed gap in the market. This is the first time we have been able to add an onshore bond to the platform, the challenge historically being that most onshore bond providers only allow access to insured funds. We have enjoyed working with Sanlam on this important new product launch.
“In the spirit of the 7IM platform, the Sanlam Onshore Bond is open architecture to ensure that a firm’s centralised investment proposition could be supported within the bond, and we are really excited to bring this to the platform.”
The minimum investment is £5,000 and charges start at 0.25% for the first £100,000 and decrease in accession to 0.1% for investments over £1 million.
Jonathan Polin, group chief executive officer, Sanlam, said: “We are delighted to be partnering with 7IM. Together we have developed a simple, innovative solution which will support financial advisers and help meet the increasingly complex requirements of their clients. In particular, for those advisers looking for onshore options, this solution gives individuals the opportunity to pass on their wealth through the generations, in a tax efficient, onshore trust environment.
“We are one of only a small number of firms in the market that can provide these kind of bond structures, making the 7IM offering highly differentiated. Our partnership with 7IM reflects the progressive nature of our business and our steadfast commitment to providing a superior service for financial advisers and their clients.”
Standards International has launched the Paraplanning Standard alongside the Standards International Academy, a skills and knowledge training facility for...
Professional Paraplanner is pleased to announce the winners of the Professional Paraplanner Awards 2018. The awards were announced last night,...
Professional Paraplanner is delighted to announce the shortlists for the Paraplanner of the Year and the Paraplanner Team of...