Standard Life Aberdeen has told Professional Adviser it is in the process of modernising its infrastructure as rumours of it merging its Elevate and Wrap platforms continue to brew.
Standard Life CEO Noel Butwell said the provider was in the process of identifying "synergies" to removed duplication and complexity where it exists for no benefit to advisers and clients. He said: "Once this work is complete, we will still have distinct platform experiences that will enable a range of adviser propositions." However, Butwell insisted that these changes are not about merging the existing platforms: "Modernisation of our engagement capabilities and streamlining of our systems and processes will result in significant enhancements. "For example, we'll bring together o...
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