Standard Life has expanded its wrap platform by launching a specialist investment hub for advisory firms.
The wrap investment management hub will target users with discretionary permissions, according to Investment Week.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Designed to speed up the rebalancing of a portfolio, the new hub will divide the platform into advice and investment categories.
Additionally the hub aims at larger adviser firms using the platform who have their own in-house investment teams.
Using this investment hub, firms will be able to authorize some staff to make investment decisions, while others are to give advice and wider financial planning.
The separation of the platform will enable users to support in their dealings with the regulator, provide easy breakdown permissions at a firm, and prevent any potential rule breaches by separating staff permissions.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataDavid Tiller, head of platform propositions at Standard Life, said: "As we move to unbundled charging, advisers are looking at their business models and reviewing their centralized investment propositions."
Tiller added: "The hub also provides added levels of functionality around switching holdings. There are new automated options on rebalancing, and the process is more sophisticated. It also provides a degree of rigor around the investment process, which advisers can demonstrate to the FCA."
