Harry Kerr looks at ways wraps are helping to change the financial advice market including the move to using model portfolios and DFMs
The platform market has come a long way since the first wraps were launched in the UK. There is no doubt that the development of wraps over the past 11 years has helped shape the financial advice landscape that we have today. Wraps have brought a level of administrative efficiency and service that have helped turn the market from, in effect, a cottage industry to one where IFAs are fully supported in running highly effective, professional businesses. More so, wraps are enabling firms to create a business model that can be shown to conform to regulation and will be RDR ready for 2013. ...
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