Brooklands Pensions has introduced a global wrap platform, which intends to allow its advisory clients to consolidate and oversee their investment assets in one location.
US-based investment firm SEI will provide technology and custodial services for the new Brooklands International Platform, which can be accessed online by clients.
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Brooklands’ managing director Paul Evans was quoted by International Adviser as saying that he saw platforms as the obvious next step for a global company like Brooklands, which originally was launched in March 2006.
"Many of today’s dominant global platforms started out as pension providers or trustees," Evans said.
"Therefore, as [a] leading multi-jurisdictional QROPS and SIPP provider, the Brooklands International Platform is a natural evolution for us."
Evans noted that SEI was selected as Brooklands’ platform technology provider because it is "one of only two platform technology companies in the marketplace" that was seen as being able to deliver what the company needed, "in terms of back office technology".
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By GlobalDataHe said the reasons for this included the fact that it has more than US$500 billion in assets under administration, gives investors access to about 10,000 mutual funds, over 1,000 exchanges and 55 currencies.
Brooklands communications manager Mark Sanderson told International Adviser that the new Brooklands International Platform is fundamentally similar to other international wrap platforms on the market and gives advisers "tools that help them to do their job".
"These include tools that cover the adviser fact-finding and "end-to-end", advice process, as well as research tools, pension calculators and other features," Sanderson said.
