• Will scale advisory investment processes
  • Avoids conflict between planning and investment transactions
  • Accommodates client consent process
  • Supports multi-portfolio drawdown strategies
  • Mechanical rebalancing option to manage portfolio drift

Standard Life today announces the introduction of Professional Portfolio Manager (PPM); its new segregated portfolio technology specifically designed to support advisory CIP management.

Using next generation technology, this represents a leap forward in allowing Wrap advisers to scale their investment processes to serve more clients with more dynamic investment solutions, more efficiently.

The architecture and features of PPM signal a shift to the next phase of platform development in supporting adviser businesses.

Building on existing capabilities on the Wrap platform, advisers can benefit from:

  • Trade stacking to manage conflict between planning and investment processes
  • Mechanical rebalancing enabling tight control of portfolio drift
  • Ability to avoid portfolio proliferation through programmed rebalancing
  • Ability to easily exclude clients from a rebalance without detaching from the model
  • Ability to match portfolios to cash flows and target natural income
  • A comprehensive regulatory risk package, including permission controls, maker/checker functionality and a full model audit trail with performance attribution at instrument level
  • Access ETFs and exchange traded instruments with low £1 dealing cost.

David Tiller, Head of UK Propositions said: “With so much recent effort across the market on regulation alone, it is great to be able to launch something new for advisers. Professional Portfolio Manager helps deal with the multi-faceted challenge of delivering tightly controlled individual investment solutions in a scalable manner, while still being able to deal with the natural behaviours of clients. To me, this marks the beginning of a new wave of platform development, and indeed, of platform architecture itself.

“The enhanced functionality is also central to supporting the transformation of adviser businesses to meet the evolving demands of the market. As we all come to terms with the post pension freedoms client book, the ability to avoid conflicts between planning decisions and investment decisions, the ability to control portfolio drift, manage sequencing risk and to seamlessly execute multi-goal multi-portfolio strategies are now the benchmarks all post-freedoms platforms should aspire to.

“Advisers are telling us they are increasingly challenged by complex requirements of clients in retirement. This technology is a huge step forward. Operations that could have taken adviser businesses many man hours to deal with on an individual basis have become automated, changing the outlook and potential for adviser businesses and the many clients who can benefit from them.”

ENDS

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Notes to Editors

About Standard Life

  • The Standard Life brand is almost 200 years old and today it is focused on being customers’ first choice for their life savings.
  • In the UK, Standard Life helps people with their life savings through its Wrap and Elevate platforms which are used by financial advisers to provide financial planning and wealth management services to their clients.
  • £56 billion* of assets are currently invested across the Standard Life platforms.

*30th June 2018

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