Skandia, Cofunds, FundsNetwork 'lead wrap space'

The data and research provider says the value of assets handled by “web-based portfolio administration services” and on which advice is being given is some £40bn. Its report - Wrap: Advisers hold the key – a review of IFA Platforms in the UK 2007 - forecasts investors are likely to become keener to use such platforms themselves as they gain more understanding of finance and technology. In turn, this will drive more business to financial advisers as they feel able to “participate more fully in the process of wealth accumulation”. The platforms will also “engender a greater impression o...