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Layton offers 750 core funds on platform

Layton Blackham Financial Services has set up its wealth management platform after white-labelling Standard Life’s wrap.

The firm is launching with 750 core funds but clients can access funds off the platform for an additional fee.

Layton says it will aggregate the annual management charges across the tax wrappers on its platform, with legacy products charged separately.

The firm says its asset allocation tools will help clients to find the blend of investments best suited to meet their investment goals, factoring in their attitude to risk and investment timeframe. It will give clients and IFAs at-a-glance access to their investment assets and non-investment assets.

Layton Blackham was formed in 1984 as a subsidiary of the Layton Blackham Group, which includes a big firm of UK insurance brokers. It services around 7,000 clients and has £480m funds under management.

It focuses on high-net-worth clients and has a portfolio of celebrity clients, which includes Sir Bobby Robson, who has recently switched his assets onto the platform.

Head of wealth management and business development David Lambert says: “If we can reduce the annual management charges and improve the investment performance, it goes without saying that it can lead to great savings. The platform shows the money, not the assets, and is therefore easy to follow. We like to think about things differently and hold all the information about the various tax wrappers in one place.”

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