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Amex adds five fund groups to wrap service

American Express has added five fund groups to its wrap service following recommendations from IFA clients.

Bedlam Asset Management. Old Mutual Fund Managers, Prudential Unit Trusts, T. Bailey Asset Management and Skandia Investment Management are now available on the platform.

There is now access to over 4,000 funds from over 270 asset managers and the new funds follow on from the addition of Fidelity Investments in February and Cazenove Capital Management, Credit Suisse Asset Management and Franklin Templeton in March.

The wrap was set up in March 2004 to offer a multi-asset, multi-capability platform to help IFAs manage their affluent clients.

American Express is also holding seminars on how IFAs can make the transition to wraps.

American Express Financial Services Europe head of adv-iser service Jamsheed Poncha says: “Responding to the needs and requirements of our adv-iser users has been at the heart of our business philosophy. We have consistently refined and upgraded our wrap proposition over the last 15 months and these additional funds nicely round out our service offering.”

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