Firm migrates £125m to Standard Life wrap

Edinburgh-based Balmoral Asset Management has been consolidating client assets onto the wrap since November, and is expected to move £170m of its £300m assets under administration in under a year. About 65% of the assets were previously held with FundsNetwork, with 20% coming from James Hay. "The rest have come from various places and the clients really like having most of their assets in the same place," said managing director Stuart MacDonald. "We have found that clients simply don't want their financial affairs scattered about with their pension and investments managed in different...