Wrap/platforms

The Cautious Managed sector is top of the Cofunds chart for the second consecutive month - accounting for three of the top five best selling funds in October.

Tenet Group has selected focus:360 to power its adviser technology strategy and help members meet RDR requirements.

Ascentric is expanding its business development team with the appointment of Debbie Steer, formerly of 1st The Exchange.

Cofunds has appointed Paul Rose as head of regional account managers to help the platform work more closely with advisers in the run up to the RDR.

Quilter and Skandia will power the managed portfolio service for Jelf Financial Planning as part of a three-way strategic tie-up.

Skandia is closing nine of its regional offices as the company looks to centralise operations and set up a new adviser centre.

1st-The Exchange is forming a partnership with Novia giving its users access to the wrap provider's online data.

Fidelity FundsNetwork has launched a new fee service to help advisers meet RDR proposals, allowing IFAs to agree an ongoing charge over an entire client portfolio, rather than commission on individual products.

Jeremy Mugridge, platform marketing manager for Skandia, looks at where adviser demand for platforms will be focused in the coming months.

Assets on the Ascentric wrap platform have passed £1bn with the provider hoping to achieve profitability by the end of next year.