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Fundsdirect sets up talks on wrap deal

Fundsdirect will give IFAs a glimpse of what its wrap prod-uct will look like in a series of workshops in November.

The wrap platform provider has been marketing its proposed product for six months and sales director Rikos Leong-Son admits that intermediaries have become impatient with the promise of the wrap.

Fundsdirect is still developing the sources and systems for what it believes will be the first complete product wrapper. It is expected to include funds, Peps, Isas, property and life and pensions.

A “soft” launch of the product with six IFA firms will begin next year before it is launched formally in quarter two.

Leong-Son says: “IFAs are getting impatient. That anxiousness is a good thing and shows that they are looking forward to the product we are dev-eloping. They can see that what we are going to offer will be the only complete wrap product.”

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Neptune video: a bull case for US equities?

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