James Hay Wrap, recently rebranded by Abbey Wealth Management is to undergo an upgrade at the end of next month.
The revamped platform will relaunch under the new brand on October 30, with 30 new features for IFAs.
Abbey has also announced it has received a seven-figure agreement with Australian firm InfoComp, that will provide the technology for further developments to the James Hay Wrap platform, due to be available from the second half of 2007.
Abbey says aims to grow its intermediary investment sales by nearly 200 per cent by 2008. A major element of this is a focus on its wrap proposition. Together, the James Hay Sipp and wrap businesses have over £11bn under administration.
The new features include cross-client analysis tools, family wrap view, secure messaging in and out, direct client access, multiple dual-branding options, document management and audit facility, bulk fund trading and access to historical asset holding.
Abbey Wealth Management UK sales director Stefano Del Fererico says: “We have already written 70 per cent more new business than this time last year on our wrap platform and are taking on new IFA customers at an increasing rate.
“We said at the start of the summer that we would consolidate the significant investment and experience that we already have, to ensure that we are a market leading wrap provider for the long term. We have worked tirelessly to finalise how to achieve this, and now, we are putting our money where our mouth is. IFAs will benefit from the upgraded website from the end of October, and can look forward to a further upgrade next year, powered by Infocomp.”
James Hay head of Sipp and wrap marketing Stuart Reilly says: “The release of our upgraded wrap website at the end of next month will radically improve the service we can offer our IFAs before next year’s new platform launch. Cross client analysis, client access, bulk fund trading, and secure messaging in and out, are just some of the new website features that will save IFAs time and provide a better service to their clients.”