Wrap/platforms

Wrap provider Nucleus has reported an operating loss of almost £1m for 2011 as the group invested in its proposition.

National IFA AWD Chase de Vere has appointed Cofunds as the main platform provider for its mass-affluent client segment.

The majority of advisers will not offer a self-directed service to clients after the Retail Distribution Review (RDR), recent findings suggest.

Adviser firm Dennehy Weller & Co has launched a research-based fund platform for self-investors.

Axa Wealth has linked with discretionary manager Brooks Macdonald Asset Management (BMAM) to offer advisers risk-profiled portfolios.

GBST head of UK business Ian Wilkinson is joining technology provider International Financial Data Services (IFDS).

Standard Life's retail platform assets rose 26% in the first quarter of the year compared with the same period in 2011, as the group added an extra 41 adviser firms on its wrap.

Cofunds has reported a 10% dip in profits for last year, citing investment in retail distribution review (RDR) readiness as the reason for the drop.

Mixed Investment Shares were popular with advisers once again in March, according to the latest sales trends on platform Cofunds.

Skandia UK has launched what it calls a "risk discussion" app allowing advisers to assess a client's attitude to risk in a single meeting.