Santander is planning to set up a direct to consumer (D2C) investment platform months after confirming it is re-entering the investment advice space.
The bank's new platform is to launch next year and will be delivered via third party technology. Santander did not disclose the scope of the service but said it will offer the use of online risk profiling tools and model portfolios to both new and existing customers. The bank re-entered the advice space for clients with more than £50,000 to invest earlier this year, saying it had recruited 50 new advisers and is planning to grow to 200 advisers by the end of the year. In March this year the bank was fined £12.4m by the regulator for what it said were "widespread" investment advice ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
