No white knight

clock

Adrian Shandley gives his views on how the wrap market needs to evolve

Wrap accounts have come a long way since they were first introduced. However, despite this development wrap accounts still have many issues, some of which providers are either unwilling or unable to correct. There are two facts of which I am certain. Firstly, wrap is not a complete back office system, and probably never will be. Secondly, they are not the panacea to all problems in the IFA world, as they try to claim they are, and they probably never can be. I speak as the managing director of a firm that has considered using wrap platforms on many occasions. Despite conducting a number...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Lack of tech integration hindering adviser revenues

Lack of tech integration hindering adviser revenues

Advisers still spending significant periods of time on manual tasks

Isabel Baxter
clock 28 July 2025 • 2 min read
Adviser duo launch back-office tech system

Adviser duo launch back-office tech system

IFAs Nicholas Ryan and David Mills unveil Pilot

Isabel Baxter
clock 23 July 2025 • 3 min read
Andrew Goodwin: Advisers must embrace AI – but let's do it carefully

Andrew Goodwin: Advisers must embrace AI – but let's do it carefully

'We need to distinguish the good from the bad'

Andrew Goodwin
clock 21 July 2025 • 4 min read