No white knight

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...