Defaqto is to launch a new wrap research tool for intermediaries on its Aequos Online database in mid-July.
Defaqto says the new tool will enable advisers to research tax wrappers, tradeable asset types, investment tools and reporting capabilities offered by wrap providers.
Advisers will be able to use the platform to identify the wrap most suited to their individual needs.
Matt Ward, Defaqto’s head of wrap, says because of the different starting points and varied approaches of wrap providers advisers are finding getting a clear view of exactly what is, or isn’t, on offer from each proposition extremely challenging.
He adds: “The Aequos Online wrap research tool will not only act as an educational aid but also a means for advisers to make critical decisions about future business partners”.
Ward says Defaqto hopes by providing an open forum for wrap providers, firms will be encouraged to represent the key features of their proposition in a more standardised manner, to enable advisers to make a better judgment of the market solutions available while also allowing providers to showcase their offerings.
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 Matthew West on 020 7484 9893 or email [email protected].IFAonline
To ensure creditworthiness assessments compliant
Avoid broad-brush strokes
Partner Insight: Introducing the Architas education series for clients.
Blurred lines: PPMG's Andy Brown on why the rules are less clearly defined for multi-asset funds today
Partner Insight: Multi-asset is evolving from straight forward cautious and balanced outlooks to outcome-orientated and targeted-return strategies. But as investors enter a new era of quantitative tightening, a focus on traditional, long-term metrics...