Financial Advisors' Views of Wrap Platforms

Introduction

Financial advisors appear to have accepted wrap technology as a potentially lucrative tool in helping them achieve considerable efficiency and lower costs of business. Wrap technology is also a useful tool in helping IFAs achieve RDR outcomes. Providers must ensure a high level of wrap service and offer support to IFAs in adopting the technology in order to save the value of business.

Scope

• Reveals IFAs’ ratings of life and pension providers and asset managers on their levels of service and quality of products.
• Comprehensive analyses of IFAs’ usage of wrap platforms and their future intentions on levels of new business to be conducted through wraps.
• Identifies products and services that advisors seek from their wrap service.

Highlights

Advisors are planning to actively re-register their direct clients onto wrap platforms in the next 12 months, with 60% indicating that they agree to do this. Nearly a tenth of advisors also are planning to migrate up to 100% of their overall client base onto wrap platforms in the coming year.

The report uses primary data to identify advisors’ views on the competitive dynamics of the UK wrap market. It also assesses the strategies wrap providers must seek to ensure future success in the market.

Reasons to Purchase

• Access the results of Datamonitor’s Q1 2010 IFA survey.
• Identifies the products IFAs intend to conduct most and least through wrap platforms in the next 12 months.
• Assesses IFAs’ concerns on the challenges faced by the UK wrap market under the RDR.