Net flows for Standard Life's Wrap and Elevate platforms dropped by a third year-on-year in the first six months of 2018, while its advice arm 1825 ended the half-year period in the red.
Standard Life's Wrap and Elevate platforms actually ended the first quarter of 2018 at the top of the adviser platform leaderboard, according to Fundscape, with £1.6bn net flows but it was not enough to halt a relative decline in the first half of the year. The two platforms saw £2.5bn net flows in 2018 H1 compared to £3.7bn in the same period in 2017. Standard Life's Wrap, Elevate and Parmenion platforms, which have a total £61bn assets under administration between them, made a £14m profit in the period. That is a contrast in fortunes to the £1m loss the group's advice arm 1825 saw ...
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