"Wrap accounts seem to be everywhere these days - as is the assertion that advisers will not be able to run their businesses effectively if they don't use one. However, by my count, I have the choice of a wrap offered by an investment management group, a life and pensions company, a consortium of advisers or a fund supermarket. Are there any actual differences between these 'types' and would the panel venture an opinion as to which might be more appropriate?"
karen forrest, adnitor There is currently a wide range of platforms and many more will be coming to market in the next year. This year, asset growth on platforms reached £35bn and adnitor expects it to reach £84bn by the end of 2007. Indeed, 'wrap' is not a word adnitor uses anymore. We now use the phrase 'intermediary platforms' because we have seen the emergence of many types of platforms in the UK market that cannot be easily labelled as wrap. Some stem from life companies, some from independent providers such as 7IM and Transact, and recently offerings have surfaced from administrati...
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