The Financial Conduct Authority (FCA) requires advisers to document their reasons for choosing the investment platform they do for clients. Advisers must also demonstrate the platform meets the suitability requirements for each client segment.
Choosing the right platform solution for your business and for your clients can take time.
We’ve produced our Wrap due diligence guide to support you through each stage of the selection process. The guide also highlights the due diligence questions you should ask to comply with the regulator.
For more information, please speak to your usual abrdn contact to find out how Wrap can support your business and help you to meet your clients' needs. If you’re new to abrdn or unsure who your aligned contact is, get in touch with our Business Development team.
Financial strength is a key consideration when choosing a platform provider.
abrdn earned and retained an A rating (Superior) from AKG for the financial strength of Wrap. Wrap and Elevate are the first UK adviser solutions to achieve this prestigious rating.
Our track record and reputation for strong customer service was recognised by Defaqto. It awarded Wrap with a Gold Platform Service Rating.
There is an increased focus on supporting clients in retirement and making their income last.
That’s why it's important to choose a platform provider committed to creating long-term retirement solutions for your clients.
In addition to providing tailored drawdown options, Wrap’s Drawdown Price Lock can help you achieve better outcomes for clients in retirement. The SIPP solution charge clients pay can be locked at its lowest level. This feature is unlike traditional fee structures where rates rise as a client’s pension pot reduces.
Wrap’s Switch Service can support you when transferring clients and their assets to our platform solution. Adviser firms are eligible for the service if they would like to transfer 50 or more clients or £20m or more of assets.
We know that each client is different, which is why flexibility matters. See more information about our Wrap products and services.
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This website is provided by Aberdeen Corporate Services Limited. It describes products and services provided by members of the abrdn Group (abrdn plc (SC286832) and its subsidiaries) and the Phoenix Group (Phoenix Group Holdings plc (11606773) and its subsidiaries). Full product and service provider details are described in the legal information notice.
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