Born in the USA

Since their UK debut in 2000, wrap platforms have been hailed as a possible answer to many investment needs. Taking the positive aspects of their US equivalents and promising benefits to all parties in the investment process, their introduction was heralded as a revolution that would change the nature of investment product wrappers. Fast forward five years, and the UK revolution has not happened. While a wrap market is emerging, it is fragmented and, as yet, there is no consensus on the definition of a wrap. The Hartford's experience is that UK advisers remain unclear about the benefits,...