As wrap continues to prove its worth and beds into the market, says Christopher Salih, will 2007 be the year providers prepare to jump into the ring?
Dubbed one of the most promising innovations in the market for years, wrap finally appears to have shaken off the title of being The Next Big Thing. Indeed, as 2006 has progressed, so has the presence - not to mention assets under management - of these big game players as they look to transpose wrap's success in the US and Australia on to these shores. The last month or so has been no exception, as new providers continue to ply their trade in an arena that now has more than £35bn in client money coursing through what is becoming almost the coronary artery of many advisers' businesses. Thi...
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