A flawed approach

Dear Editor, The platform market in the UK is still developing but already some basic flaws are appearing. The core reasons for consolidating client's assets in a single place we know: simpler administration, the use of lower cost portfolio type wraps in place of discrete products, greater investment visibility, and greater cost transparency. However, the gain for the client of consolidation is that it enables something which our product-obsessed past has too often overlooked; the implementation of an overriding investment strategy and the execution of that strategy in the form of the...