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Wraps and Technology

Standard Life system bug hits 35,000 customer portfolios

00:01 | 25 Jul 2008 | By Richard Harris

An internal pricing and administration platform error caused pension and investment funds to be incorrectly priced, with a number of customers losing money as a result of the glitch.

Skandia delays MultiFunds switch to Selestia, again

09:30 | 22 Jul 2008 | By Daniel Grote

Skandia has shelved its target date for transferring funds held on its MultiFunds platform across to Selestia for the second time this year as the difficulties of shifting legacy data continue to take their toll.

KMG platform will enable advisers to launch Sicavs

00:01 | 22 Jul 2008 | By Daniel Grote

Advisers will be able to launch their own Luxembourg-regulated funds following KMG’s launch of an open architecture platform allowing British IFAs to create their own Sicavs and benefit from the grand duchy’s more liberal regulation.

Transact bids to take sting out of charge rebellion

00:01 | 22 Jul 2008 | By Daniel Grote

The wrap provider has rushed out measures to soften the impact of price rises which have angered some of its most loyal advisers.

Quay Software adds Portavista and Portal Builder support

17:53 | 21 Jul 2008 | By Richard Harris

Client Care Desktop version 4 includes improved data security and Vista compatibility, in addition to integration with website content manager Portal Builder and Bankhall platform Portavista.

MacQuarie raids Ascentric for wrap head of operations

14:20 | 21 Jul 2008 | By Daniel Grote

Macquarie has poached Nigel Unwin from Ascentric as its new wrap head of operations in the run up to the roll-out of its wrap in the UK.

Ascentric hunts for sales and marketing heads

07:00 | 21 Jul 2008 | By Daniel Grote

The wrap provider is looking to further bolster its team as it  looks for candiadtes to fill two new senior sales and marketing posts.

Affluent unveils websites

00:01 | 18 Jul 2008 | By Richard Harris

Affluent Financial Planning, based in Paisley near Glasgow, has launched three new websites to help clients manage their assets and become more informed about their financial planning needs.

Hoskin: Advisers may regret Faustian wrap pact

09:30 | 17 Jul 2008 | By Richard Harris

Firms joining the rush to switch to wraps may regret the decision in years to come says Mark Hoskin, whose company is rolling out a client-facing reporting system that integrates with its back office system.

Williams drawn to Cofunds culture, Eppinger says

12:31 | 16 Jul 2008 | By Daniel Grote

The change in culture that occurred after the merger of Skandia and Selestia, which Brett Williams founded, made him more open to the approach from Cofunds to be its chief executive, says chairman Charlie Eppinger.

Fidelity-Selestia stalemate blocks wrap migration

09:30 | 16 Jul 2008 | By Iain Martin

A stand-off between Fidelity and Selestia has frustrated one Cardiff-based adviser’s attempt to move to wrap

Raymond James wrap goes with the flow towards funds

00:01 | 16 Jul 2008 | By Daniel Grote

A shift in the use of funds over equities in the Raymond James wrap has followed traditional stockbrokers’ and financial planners’ convergence on the wealth management space

InfoComp clinches deal to run Macquarie wrap in UK

09:30 | 15 Jul 2008 | By Michelle McGagh

Wrap technology provider InfoComp is extending the link it built with Macquarie in Australia and will power its new wrap in the UK.

Wrap drives Coury’s discretionary move

09:30 | 11 Jul 2008 | By Daniel Grote

Bath-based adviser Malcolm Coury is targeting discretionary status by the end of the year for his firm Money Wise and says the firm’s wrap use has helped push it towards making the change.

Wired up Ample zooms in on clients via webcam

00:01 | 11 Jul 2008 | By Edward Lander

Ample Financial Services is using web cameras to allow face-to-face conversations with clients wherever they happen to be.

Lifetime bungles turn Durham off wraps

00:01 | 10 Jul 2008 | By Iain Martin

A litany of errors by Norwich Union’s Lifetime relating to payments in and out of clients’ cash accounts has left adviser Trevor Durham disillusioned with wraps.

Novia adds to ex-Selestia contingent with Boston appointment

15:51 | 07 Jul 2008 | By Daniel Grote

Half of Novia's management team is now made up of senior ex-Selestia figures following the appointment of Paul Boston as director of sales.

Web strategy ‘should look beyond traffic volume’

09:30 | 04 Jul 2008 | By Daniel Grote

Advisers need to look beyond simple volume of traffic to their websites if they are to make the most of their internet presence as a way of gaining clients, according to Yellowtail Financial Planning’s Dennis Hall.

Ruby to help advisers filter out time-wasting leads

07:00 | 03 Jul 2008 | By Michelle McGagh

A new search engine, Ruby Financial, aims to create more productive leads for advisers by providing firms with consumers’ financial details.  

Nucleus calls for 28-day re-registration deadline

09:30 | 02 Jul 2008 | By Daniel Grote

Chief executive David Ferguson has said that a 28-day deadline should be imposed on platforms to complete in specie re-registration of assets to stop advisers waiting too long to move client assets

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