Bankhall launches platform

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SUPPORT services provider Bankhall has teamed up with Goldman Sachs and Capita to launch a new platform offering hundreds of discounted funds for its members.

The vehicle will be capable of holding OEICS, unit trusts and SICAVs, and a range of tax wrappers, including an onshore and offshore bond. Richard Howells, Bankhall’s marketing director, said the vehicle will be rolled out at the end of the second quarter this year to Bankhall members, but he did not rule out making it available to the wider market in future. Howells explained the platform had been developed to help advisers shift from being reliant on indemnity commission to a fee-based business model. He said the platform would be unique because Bankhall has a powerful distribution c...

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