Standard Life/Aberdeen deal - What happens to the platforms?

Platforum and the lang cat discuss

Tom Ellis
clock • 3 min read

Among the many resources coming together in the Standard Life/Aberdeen 'mega merger' are three separate retail platforms that will soon exist under one exceptionally large metaphorical umbrella. So what will become of Standard Life's Wrap, its lately-acquired Elevate and the Aberdeen-owned Parmenion platform?

All the focus of the merger so far has been around how these two big beasts of asset management will come together to create, well, one even bigger beast - and that is understandble enough. For those interested in the retail space, however - and you would suspect there are a fair few of us - it is important to unpick what could happen to the three retail investment platforms affected by the deal. Aberdeen's Parmenion platform is a slightly different proposition to Standard Life's Wrap and Elevate platforms, focusing on holding model portfolio services in the main. As such, the lang ca...

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