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Bankhall in two-pronged wrap strategy

Bankhall has finalised its wrap strategy in a move that will see it link up with Capita and Goldman Sachs.

It will be rolled out in stages because the group does not believe there is sufficient adviser demand for a full wrap proposition yet.

Bankhall will introduce a platform in the second quarter of this year, initially offering a range of tax wrappers including Isas, investment bonds and self-invested personal pensions. Investment services will be provided by Goldman Sachs but funds from other managers will be available.

The full wrap proposition will be unveiled in the second half of the year.

Marketing director Richard Howells says the platform will help provide an exit strategy for retiring advisers as it will look to build in a marketplace matching exiting advisers with those looking to build their client bank. He says the platform will also help advisers make the shift from commission to fees and renewal income.

Howells says: “Introducing a platform strategy is the fundamental building block that will allow IFAs to make the transition to fees.”


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