Old Mutual Wealth says it will consider offering a broader range of products on the Skandia platform, such as exchange-traded products and investment trusts.
Speaking today during an Old Mutual Wealth investor presentation, managing director for UK Peter Mann (pictured) said the platform will look at adding new fund types, but it will not push for an open architecture proposition.
He said: “We have never been an open architecture platform in the truest sense of the word. We have always had an in-house capability to not put certain funds on the platform.
“A good example is Arch cru funds, we did not like the structure of the funds. A lot of funds presented to us do not make it onto the platform.”
Mann said guided architecture will become the norm as advisers focus more on the advice process and farm out the investment process.