Standard Life today announces the launch of its Individually Managed Accounts (IMA) technology on its Wrap platform. IMA takes the established concept of discretionary managed portfolios and, for the first time, introduces the unique ability to instruct client level personalisation.
IMA makes the delivery of individual client outcomes more cost effective and scalable as advisers can execute client specific instructions, agreed CGT strategies and tax allowance usage without the need for expensive manual interventions.
The ability to deliver unique and personalised client outcomes through IMA technology allows advisers to operate a consistent house process with their chosen investment proposition for all of their clients.
With many predicting mass personalisation to be the next evolution of platform technology, IMA enables advisers, working with discretionary managers, to deliver individual client solutions in a truly scalable manner. All advisers and discretionary managers who offer investment solutions on Standard Life Wrap can access this new capability at no extra fee.
Standard Life has been working with a number of discretionary managers to pioneer the new technology. The following discretionary managers have already committed to offering IMA investment solutions to the advisers they work with:
|Aberdeen Standard Capital||Mercer|
|Bordier UK||Morningstar Investment Management Europe Ltd|
|LGT Vestra||Sanlam Investment Management|
|FE Investments||Sarasin & Partners|
David Tiller, Head of UK Propositions at Standard Life said: “IMA is our response to increasing demand for tailored investments and tax-optimised outcomes, making it more affordable for clients and more scalable for advisers and investment managers. For the first time financial planners and investment managers can, through our innovative technology, create individual client outcomes without expensive manual interventions.
“Advisers have told us the goal must be the ability to provide tailored private client investment solutions on their chosen platform with the same efficiency and price as simply buying a fund.
“I truly believe we will look back and see the introduction of IMA as a pivotal point in the development of adviser platforms.”
Jenny Davidson, Head of Platform Investment Proposition at Standard Life, added: “The whole process of developing IMA has been collaborative. In many ways it is the advisers and discretionary managers and their insights that are the true inspiration for this innovation.
“We wanted to know that we would help them maximise on efficiency and minimise costs, while delivering overall greater value for clients. As a result, we have ended up with a ground-breaking solution for advisers and discretionary managers alike.”
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