Threesixty has signed up Seven Investment Management to its new adviser incentive scheme, Platform Profitshare.
The move will see Threesixty promoting 7IM’s discretionary management services and wrap to its advisers as the first of several preferred platform partners.
Advisers putting assets on the recommended platforms will be paid a bonus linked to those assets on top of their existing income.
Firms placing assets with 7IM’s wrap or discretionary service will receive a bonus of three basis points of the amount invested paid quarterly and split between their advisers.
Less comprehensive platforms, such as fund supermarkets, will pay proportionately lower bonus rates.
Threesixty is set to sign up further platforms to complete the range, including a fund supermarket.
Partner Phil Young says: “We feel Seven’s breadth of offering fits really well with some of our clients and they also offer the wrap.”
7IM chief executive Tom Sheridan says: “We believe we are a perfect fit with Threesixty with our mutual emphasis on independence, high service levels and focus upon supporting IFAs’ businesses to their clients.”