IFAs expect to increasingly recommend wraps

A survey, conducted amongst 31 IFAs with investment and pensions knowledge, revealed tat although more than 50% of advisers expect to recommend wraps on a frequent basis, there is little agreement over what level of assets make a wrap suitable. Around 22% of those surveyed claimed at least £100,000 of assets under management is required to make a wrap suitable and cost effective, 45% of IFAs believe sums of less than £50,000 would be okay, while just 6% said any level of assets would be suitable. The research also shows IFA differ on the proportion of their clients which would be suit...