'Mini-wraps' the shape of things to come - OPAL

Research conducted by outsouring firm OPAL suggests 94% of advisers support the concept of a mini - or simplified - wrap in a post RDR world in order to cater for clients with a more limited investment outlook. Although still in the concept phase, OPAL has been contacted by a number of larger IFAs make contact about the development of a mini-wrap and what form it could take. Such a platform would offer reduced functionality and a more limited range of investments such as cash, ISAs and child trust funds, for instance, but excluding the likes of exchange traded funds or complex unit tr...