Wrap/platforms

Swansea-based Estate Capital Financial Management has become the latest firm to join IFA-controlled wrap Nucleus.

Societe Generale Private Banking (SGPB) Hambros has launched a new platform for intermediaries offering investment and private banking support for high net worth clients.

SEI has added its suite of strategic portfolios to Ascentric in an expansion of its investment offering to the IFA market.

Towry CEO Andrew Fisher says the platform market is over-crowded with too many players lacking scale and predicts only a "few winners" will emerge from a wave of consolidation.

The FSA has fired a warning shot to firms failing to conduct adequate platform risk management arrangements when changing business models.

New FSA consumer redress powers could have "catastrophic" implications for advisers who have not conducted proper platforms due diligence, warns Capita Financial Software.

Defined contribution (DC) platforms could provide a blueprint for pricing structures in the retail market, according to Fidelity.

Nucleus is consulting shareholders in a bid to raise £15m in a debt restructuring exercise as the IFA-owned wrap reports a 250% increase in Q1 inflows.

Standard Life took home the top gong of Platform of the Year at the Aberdeen UK Platform Awards.

Support services giant threesixty has negotiated a reduction on platform charges for IFA clients using Axa's Elevate Wrap platform.