Wrap part 2: Modern concept, complex change

Over the last 12 months, momentum has been growing and the number of services entering the market each month is finally allowing intermediaries to assess whether the tools on offer suit their investment advisory business needs and deliver the type of asset management range and service consumers are looking for. Now, however, the cry is for guidance and clarity on the products available, their charging structures accompanied an underlying fear, according to advisers, the revolutionary concept may be diluted by a wide move into the wrap market by life offices, creating too many systems to c...