IFSL partners with Hubwise to help 'unitise' client portfolios

IFSL, which is part of the Marlborough Group, will integrate Hubwise's online fund platform with its own fund administration services. The two firms expressed the hope the new service would encourage financial firms to "unitise" their client portfolios by removing some of the hurdles and complexities that deterred them previously. For firms, ISFL suggested, the benefits of using the OEIC structure would include reduced administrative costs, increased distribution opportunities and consolidation of operations. For clients, it should lead to stronger regulation, no VAT on investment fee...