Aqera questions product providers' place at wraps table

Ed Holt, Aqera managing director, says three of the “ top ten” financial product providers – un-named – have been involved in its research, and all believe they will end up implementing one of three wrap models the industry looks likely to adopt. The most challenging model from the perspective of existing product providers is the all-encompassing stand-alone wrap provider company charging on an assets-under-management basis. The research suggests this type of service could be offered at a cost of 150 basis points – with 50bps in the form of recurring revenue for IFAs. The business cha...