How can you select the right wrap?

There are now over 20 wrap and platform propositions on the market. New FSA guidance should clear up murky areas, but advisers still need to know what they want. The difficulties involved in selecting a wrap have long been recognised. The FSA has been mulling the issue since 2007 and issued guidance to advisers in 2008. In the run up to RDR, more guidance was released at the end of March. The regulator has already expressed its concern about the additional costs and complexity involved in using wraps. It believes many services come with functions that end investors must pay for even i...