Standard Life has enhanced its wrap platform with the launch of a specialist investment hub aimed at users with discretionary permissions, as it taps into the growing number of adviser firms changing their business models.
Aimed at larger adviser firms using the platform who have their own in-house investment teams, the wrap investment management hub aims to support users with discretionary powers by separating the platform into advice and investment categories. It means firms can authorise some staff to make investment decisions, while others are authorised solely to give advice and wider financial planning. Standard Life said the segmentation could help users in their dealings with the regulator, providing an easy and quick breakdown of who has which permissions at a firm, and how it prevents any pote...
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