Old Mutual Wealth has rolled out a B2B2C top-up service for financial advisers allowing individual investors to transfer money into their investment accounts bypassing their adviser.
The new service will allow investors to transfer money directly using a debit payment or internet bank transfer into their ISA or collective investment account which will be invested in accordance with the client’s previously agreed portfolio allocation.
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The service that was trialed with selected firms during the 2014 ISA season will be available to clients if their adviser opts to switch-on the functionality.
Old Mutual Wealth UK managing director of distribution Scott Goodsir said: "Following a successful trial, we are pleased to offer this option to advisers and their clients.
"We understand this will not be appropriate for all clients and that is why we are giving advisers complete control over whether they choose to offer this service."
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