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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:

  • Richer client reporting showing both overall and attributed portfolio performance and valuation (portfolio, fund and instrument level reporting).
  • Enhanced detail of DFM portfolio holdings on key platform screens to support advisers client engagement and business controls.
  • Enhanced usability, performance and data structuring on portfolio summaries with simple drill down analysis at asset class level.
  • Efficient disclosure with all fund KIIDs consolidated in a single document for each portfolio.
  • Automated links to enable back-office systems to surface portfolio holding and valuation data within their environment.

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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