SEI is set to add structured products to its platform, Money Marketing understands.
It is in discussions with a number of structured product providers about adding products to its Global Wealth Services Infrastructure platform.
This platform is used by firms such as True Potential, Bestinvest and Towry Law.
In July, Money Marketing revealed Cofunds is in talks with a structured product wrap provider to offer investors access to the whole structured product market by early next year. Standard Life is also considering adding structured products to its platform. Transact, Nucleus and Ascentric offer structured products from various providers.
Bestinvest managing director, business development and communications, Jason Hollands says: “We are not fans of using structured products in private client portfolios so this is of relatively little interest.”
TP senior partner Daniel Harrison says: “We are strong believers in giving a breadth of choice to IFAs and have been working closely with SEI to add this new product.”
SEI declined to comment.