abrdn has launched a Junior ISA on its Wrap platform as the first part of a new family wealth planning offering for advisers.
The JISA is available immediately to existing Wrap users that are the parent or guardian of an eligible child.
The new JISA has been developed in response to increasing demand from advisers for more family wealth planning solutions that can be managed alongside their existing client investments. To support advisers in managing family assets on Wrap, the JISA will have a 0% platform charge* until the child reaches age 18.
The JISA will have access to the full open architecture suite of funds currently available to Wrap users and can also accept transfers of funds currently on the platform.
A Junior SIPP will also be developed as part of the family wealth planning solution.
Russell Bignall, Managing Director Sales, Adviser, abrdn said: “The advisers we work with are becoming more and more interested in supporting clients in family wealth planning, they are telling us the engagement of all the family in financial planning has become more important as a result of the pandemic. The JISA is the first step we’re taking to create a family office environment on the platform.
“Just as advisers build their business on the goals of their clients, we’re building our business on the ambition and demands of the advisers who choose to partner with us. As we continue to develop our offering, we want our partnerships to deepen and to continue to grow in trust and confidence.”
Noel Butwell, CEO Adviser, at abrdn, added: “The availability of the JISA on Wrap is a great addition to our suite of tax efficient products, and we look forward to extending that range.
“We are committed to continuing to support advisers with technology that offers them effective solutions in a way that enables efficiency coupled with personalised experiences to their clients.”
*Investment charges will apply.
For further information, contact:
T: 0131 460 7922
T: 0791 782 2874
Notes to Editors
At abrdn, our purpose is to enable our clients to be better investors.
abrdn plc manages and administers £542 billion of assets for clients, and has over 1 million shareholders. (Figures as at 31 December 2021)
Our business is structured around three vectors – Investments, Adviser and Personal – focused on the changing needs of our clients.
For UK wealth managers and financial advisers, we provide technology, expertise and support to make it easy for them to run their businesses – and to deliver the outcomes their clients want.
We offer content and experiences that can be personalised to suit every type of business and client, giving advisers powerful data and insight to make better decisions.
We’re the number one adviser platform business in the UK for assets under administration and gross flows (Adviser AUA: £76 billion as at 31 December 2021).
We’re also the first UK adviser platform provider to receive and retain an ‘A’ rating from AKG for the financial strength of our platforms (AKG financial strength reports 2021).
Tax rules can change in the future and individual circumstances and where they live in the UK could have an impact on tax treatment. The value of investments can go down as well as up, and may be worth less than originally invested.
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abrdn plc is registered in Scotland (SC286832) at 1 George Street, Edinburgh, EH2 2LL