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Standard Life reports 30% rise in use of discretionary portfolios

3 April 2018

Standard Life has reported a 30% rise in adviser firms investing client money in discretionary manager portfolios on its Investment Hub platform in 2017. 

It marks the biggest increase in advisers accessing discretionary portfolios since the Investment Hub launched in 2014 and has led to a 75% increase in assets under administration of £6bn.

Advisers can access more than 90 discretionary managers offering traditional active, passive, target return and blended strategies at a range of price points and with access to more than 5,000 funds.

David Tiller, head of adviser and wealth management propositions, Standard Life, said the Investment Hub represents “the next generation of investment proposition enablement for advisers and their clients.”

He commented: “It offers good value access to investment expertise, while enabling advisers to easily and seamlessly exploit the skills of multiple managers in a targeted manner. On top of this, the Hub offers the highest standards of regulatory governance and is completely open and transparent, giving advisers absolute control of their client proposition.

“I believe the success of the Investment Hub is an unprecedented achievement that truly underlines what can happen when businesses across the value chain work together. By using technology to bring the platform, adviser and discretionary managers together we get a really efficient model that everyone benefits from.”

Looking ahead, Tiller said its next generation developments for the Investment Hub will be available later this year, offering advisers the ability to customise portfolios.

“Advisers will be able to establish investment mandates that are targeted against the individual requirements of their clients without the premium normally associated with this type of portfolio tailoring. What was once the preserve of the very high net worth will be open to all advisers’ clients,” he added.

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