The Personal Finance Society has launched a survey into the use of wraps in the retail investment market to aid its ongoing discussions with the Financial Services Authority on wrap platforms.
The survey was sent to PFS members last night and the results will be used in ongoing discussions with the FSA and are likely to feed into the retail distribution review.
The questionnaire asks whether and why firms use wraps, which wraps they use, what proportion of clients are on a wrap, whether their clients pay fees, and which services they provide.
A wrap is defined in the survey as any web-based investment aggregation system, including fund supermarkets, open architecture wraps and platforms.
The results will be analysed over the next week or so and will be used to compile a sectoral statistical summary.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7034 2680 or email [email protected].IFAonline
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