Clearly, near the top of the list would be value for money, the fullest range of assets and asset classes, security of client data, concrete reassurances about the use of that information and good levels of service. Ease of getting your clients’ assets on to the site must be a priority, too. But the ability to get them off again is one vital ingredient often neglected.
The one thing many wraps and supermarkets do not promise is easy movement off their platforms, in other words, re-registration. Now Fidelity, Cofunds, Skandia, Selestia and Standard Life have formed a committee to debate many of the issues facing wrap and fund supermarket providers.
They say re-registration is a priority. We suggest that IFAs get on to these companies to make sure it stays a priority and is top of the agenda for the first meeting a few weeks hence.