View more on these topics

Asset manager launches white-labelled platform

Clifton Asset Management has launched a white-labelled platform to manage cover funds, equities, ETFs, investment trusts and bonds.

Viewpoint Portfolio will be available to external advisers, and will include a range of product wrappers including Sipp, Isa, junior Isa, offshore bond and general investment account.

It will be managed by Clifton subsidiary pension provider Morgan Lloyd Sipp Services.

Clifton has partnered with challenger platform provider Hubwise to “provide the latest cloud-based technology” for the platform.

The company describes the platform as “highly-automated” and says it can be tailored to meet advisers’ needs.

Investments can also be managed by discretionary fund managers with six appointed at the time of launch – Brewin Dolphin, Eden Park Investment Management, Seven Investment Management, Tilney Asset Management, LGT Vesta and Waverton Investment Management.

Morgan Lloyd technical director John Dowding says: “With ever increasing numbers of IFAs using Morgan Lloyd for its Sipp and SSAS products, it was a natural evolution to launch our own low-cost investment platform so that IFAs can easily manage their client portfolios alongside more complex work such as commercial property and SSAS loan-backs.”

He added that the platform forms the “backbone” of further growth and development by the Clifton Wealth Management group.

Hubwise chief executive Angus Macdonald says: “We are delighted to be able to assist Morgan Lloyd in launching not just the Viewpoint Portfolio platform itself, but such an important element in Clifton Group’s strategic development.

“We pride ourselves on the usability of our technology and platforms, [which is] so often a critical factor in adviser choice and the development of sustainable relationships with both providers and clients.”

Viewpoint will also provide a telephone-based support team for advisers using the platform.

Access to Viewpoint is via a secure client portal and dashboard and is priced at 0.3 per cent of the portfolio, with a fee cap of £800 per annum.

The news follows Clifton’s acquisition of fellow wealth manager Plan for Life last month.

Recommended

Advisers flag doubt over DB market performance

Three quarters of advisers feel the defined benefit transfer market is struggling to match supply with demand and work effectively, research shows. Figures from Aegon found two thirds of surveyed advisers who currently provide DB advice say there are not enough specialists to meet customer demand. These figures follow the FCA’s reveal of a recent […]

1

Should taxpayers be funding pension compensation bills?

The tax rules for compensation payments are inconsistent and, in the context of pensions, fundamentally flawed. Without change, there is a risk they will be exploited by claims management companies, and ordinary taxpayers will be left to pick up the tab. For Isas, a compensation payment for an investment can be made to the account […]

Robo-advice platform names ex-Accenture MD as chairman

Robo-advice platform Wealth Wizards has appointed ex-managing director of digital consultancy Accenture as chairman. Scanes Bentley has served as non-executive director at Wealth Wizards since 2017. He was managing director at Accenture between 2012 and 2014. The company said in a statement: “As a former partner and managing director of both the financial services and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. This is one the FCA will crackdown on later I think. Do Clifton actually have safegaurding of clients assets permsissions? If not then its just commission for selling a platform but in another way. I notice that Tenet recently did this by becoming an AR. Interesting that running a platform can wash through AR barrier but Investment Management does not.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com