There's much talk around the industry about the development of wrap platforms and the impact they could have on intermediary businesses, as firms finally seem to be embracing the concept.
In the last 12 months, the tide of acceptance has shifted and technology is being acknowledged as an essential tool in the profitability of an advisory firm, rather than being treated as a suspicious entity designed to steal information about a client’s assets. The range of platforms, whether you consider them to be fund supermarkets or wrap platforms, is still expanding and what we are beginning to see is an evolution of the tools already available. Whereas some providers started out by delivering product-specific technology platforms, the Australian concept of wraps operating merely as ...
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