Standard Life enhances support for discretionary managed portfolio services
12 November 2018
Standard Life wrap platform has announced enhancements to its support for adviser firms accessing discretionary managed portfolio services.
The Wrap Investment Hub, part of the £57.7bn* Standard Life platform has total assets under management of £7.8bn*, and provides access to a wide range of third party discretionary managed portfolio services.
Standard Life said the latest developments are focussed on supporting the advice journey by “improving the information and reporting available to advisers and their clients”.
It cites key enhancements in the update as including:
David Tiller, head of UK Propositions, said: “We are focused on meeting the continually evolving needs of advisers and their clients. Today marks the 50th technology update to the Standard Life Wrap platform since it launched in 2006. Back then, the term Centralised Investment Proposition (CIP) didn’t even exist. Today supporting advisers’ CIPs is one of the most important elements of any platform service.
“These latest enhancements make it easier for advisers to analyse and report on Managed Portfolio
Services, whether managed in-house or through a third party manager.
“Having real transparency on the performance of discretionary portfolios enables advisers and their DFM partners to clearly demonstrate value and enhance the service advisers provide their clients.”
* As at 30 September 2018
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