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American Express adding Insight to wrap platform for IFAs

American Express Financial Services has added Insight Investment multi-manager portfolios onto its wrap platform for IFAs.

The move means that Amex now offers a full range of multi-managers including Artemis, New Star, Schroders, Hender-son, Gartmore, Jupiter and F&C.

The Amex wrap was launched in March to offer a multi-asset, multi-capability platform-based account which has been designed to allow IFAs to spend more productive time on client administration.

The wrap holds and administers asset classes, including cash and equities, in Isa and Pep tax efficient bundles.

It recently secured a deal with rating agency Standard and Poor’s to enable IFAs to have access to fund factsheets from across the market.

On request, advisers will be able to see details of 266 fund managers and 4,000 funds.

Amex Financial Serv-ices head of investment products Martin McHarg says: “Multi-manager funds are becoming increasingly popular as an investment concept and we are pleased to be extending the range of managers on our platform.”

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