Technology

Nucleus has passed £2bn in AUM as it announces another two firms have joined the IFA-owned wrap.

A back-office technology solution designed to help product providers update "aging" legacy systems to cope with the onset of adviser charging has been launched.

The FSA has expressed concern IFAs are drastically underestimating the risks of making client investments on platforms, with some firms accused of shoe-horning clients into pre-packaged solutions.

David Child has stepped down as managing director of technology provider 1st Exchange.

In the latest Interactive Financial Adviser debate, our panelists from Ascentric and Worldwide Financial Planning discussed corporate platforms and wraps.

Legal & General Savings has appointed former head of Standard Life Savings Geoff Towers as MD platforms and distribution as the firm focuses on its RDR business transition strategy.

Swansea-based Estate Capital Financial Management has become the latest firm to join IFA-controlled wrap Nucleus.

Societe Generale Private Banking (SGPB) Hambros has launched a new platform for intermediaries offering investment and private banking support for high net worth clients.

SEI has added its suite of strategic portfolios to Ascentric in an expansion of its investment offering to the IFA market.

Towry CEO Andrew Fisher says the platform market is over-crowded with too many players lacking scale and predicts only a "few winners" will emerge from a wave of consolidation.