PFS analyses adviser use of wraps

The survey was sent to PFS members last night and the results will be used in ongoing discussions with the FSA and are likely to feed into the retail distribution review. The questionnaire asks whether and why firms use wraps, which wraps they use, what proportion of clients are on a wrap, whether their clients pay fees, and which services they provide. A wrap is defined in the survey as any web-based investment aggregation system, including fund supermarkets, open architecture wraps and platforms. The results will be analysed over the next week or so and will be used to compile a sec...