The Standard Life wrap is launching a third party discretionary fund management (DFM) service for advisers.
The service goes live in April and allows DFMs to manage their portfolios via a specifically developed portal that is fully integrated with the platform.
For clients it offers access to DFMs at lower entry levels than other more bespoke offerings.
The first ten fund managers on the service have been confirmed as: Brewin Dolphin, Charles Stanley, Frontier Investment Management, Investec Wealth & Investment, Liontrust, Quilter Cheviot, Sarasin & Partners, Seven Investment Management, Vestra Wealth and Standard Life Wealth.
Standard Life head of platform propositions David Tiller said: "The key to this service is efficiency, flexibility, choice and control. Advisers can easily invest their client's money in DFM portfolios directly on the platform with no delays while having the flexibility to mix and match DFM portfolios with other platform assets according to client requirements.
"The adviser retains control of the client relationship and has full look-through to the underlying assets held in the portfolio in real time."
Standard Life recently launched a bespoke due diligence service for wrap users.
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Three years at Wells Fargo
Effective from 9 December 2019
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