Investment Funds Direct Limited (IFDL) will power SimplyBiz's Verbatim Product Centre, that launches next month.
The deal effectively turns Verbatim Asset Management into a platform, allowing advisers access to a range of tax wrappers including a general investment account, ISA and SIPP, with additional wrappers to be added in 2013.
Verbatim currently offers risk-rated funds and discretionary fund manager portfolios to around 1,400 adviser firms.
Verbatim managing director Neil Stevens said: "Those firms that embrace our Verbatim approach will find a clear path set out before them with many of the obstacles associated with the implementation of the RDR removed."
Rob Beverley, institutional sales director at IFDL, said the announcement was an important deal for the firm, that white-labels the Ascentric platform for advisers including Succession, Openwork and Towergate.
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