Investment Funds Direct Limited (IFDL) will power SimplyBiz's Verbatim Product Centre, that launches next month.
The deal effectively turns Verbatim Asset Management into a platform, allowing advisers access to a range of tax wrappers including a general investment account, ISA and SIPP, with additional wrappers to be added in 2013. Verbatim currently offers risk-rated funds and discretionary fund manager portfolios to around 1,400 adviser firms. Verbatim managing director Neil Stevens said: "Those firms that embrace our Verbatim approach will find a clear path set out before them with many of the obstacles associated with the implementation of the RDR removed." Rob Beverley, institutional sa...
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