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Latest - WRAPS / PLATFORMS

  • New tool aims to simplify platform transfers

    13 April 2021

    Platform technology provider Seccl has launched a new tool to help simplify the platform transfer process for advisers. The new dashboard will enable advisers to track the progress of their clients’ cash and assets as they move from other providers, giving them access to each transfer’s status, previous provider, estimated value and the total...

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  • Parmenion sets out data-first strategy for the year ahead

    14 March 2021

    Parmenion has unveiled a data-first strategy for the year ahead after it was snapped up by London-based private equity firm Preservation Capital Partners (PCP) in a deal worth £102 million. Parmenion said its strategic vision to “lead a new frontier of digital and data capabilities” was a key factor in attracting PCP to buy...

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  • Rise in electronic in-specie clean share class transfers predicted

    23 February 2021

    Origo is predicting a shift within the industry from current largely manual transfer processes for share class conversions to electronic transfer, following the new FCA rule mandating in-specie transfer of funds between platforms. From this month, FCA regulations (PS19/29) require platforms to offer in-specie transfers of funds, as well as share class conversions where...

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  • James Hay confirms Nucleus acquisition offer

    9 February 2021

    James Hay has confirmed it has made an offer to acquire Nucleus for a total consideration valuing Nucleus at just under £145 million. Richard Rowney, chief executive officer, James Hay Partnership, said assuming the offer receives FCA approval and that of the Nucleus shareholders the intention is “to merge the operations of Nucleus and...

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  • Nucleus launches alternative to ‘overpriced’ DFMs

    21 January 2021

    Nucleus has launched a new adviser-focused managed portfolio service, as it vows to deliver an alternative to “overpriced” discretionary fund managers.  Following a soft launch, the solution – named IMX – has been made available to all advisers using the Nucleus platform, with access to managed portfolios at institutional cost, offering “better value for...

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  • Firms remove VAT from Model Portfolio Services

    13 January 2021

    7IM and AJ Bell have announced they are cutting VAT from their model portfolio ranges. This, they say, will give advisers and their clients a cost-effective way to build a diversified portfolio. For 7IM, the changes mean the 7IM Active and Passive model portfolios will have an all-in cost of 0.25% going forward, while...

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  • Time4Advice acquisition dubbed ‘smart move’

    11 January 2021

    IntegraFin Holdings, parent group of the Transact Platform, has acquired specialist software provider Time4Advice for an undisclosed sum, a move dubbed “very smart” by an industry expert. The acquisition will enable the firm to enhance its platform and adviser back office processes and provide Time4Advice the opportunity to accelerate its software development and expand its...

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  • Novia adds “What if” scenarios to Capital Gains Calculator

    20 December 2020

    Novia has enhanced the user experience and added functionality to its Capital Gains Calculator.  The new functionality enables the paraplanners and advisers to model a range of ‘what if’ scenarios, to assist their clients with managing their tax liabilities. The scenarios can include a client’s current CGT allowances, losses from previous years, realised gains...

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