SL Wrap's 'next gen' portfolio management 'welcome news for advisers'

The firm said it had made important improvements around mechanical rebalancing, programme rebalancing and excluding clients from rebalancing, as well as introducing 'trade stacking', the ability to match portfolios to cash and target natural income, and a lower charge of £1 for exchange traded instruments dealing. SL head of UK propositions David Tiller said mechanical rebalancing had always been possible but it had been uncomfortable for firms because it had been impossible to automate it fully. "You run the risk of your activity in doing a rebalancing being regarded as assuming disc...