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Sippcentre adds bulk trade capability

Billy-Mackay.jpg

AJ Bell Sippcentre has updated its platform technology to include bulk investment instructions across all funds.

Advisers can also set up model portfolios and choose to rebalance on monthly, quarterly, twice yearly or on an ad hoc basis.

The new functionality will be applied across all of the funds available on Sippcentre’s funds and shares service which includes clean funds, ETFs, investment trusts and equities.

The charges are through AJ Bell’s new pricing model announced in September plus a £1.50 charge per bulk deal.

The new pricing model will apply to all business from 1 Janaury 2013.

The basic wrapper charges will depend on wrapper used and the amount invested using Sippcentre’s in-house Funds and Shares Service.

AJ Bell marketing director Billy Mackay (pictured) says: “We have a track record of evolving Sippcentre in line with the demands of the advisers who use the platform. This is an important addition to our investment tools and will allow us to demonstrate the value that can be provided by having our own stockbroker power, the investment engine that sits at the core of the platform.”

The Lang Cat principal Mark Polson says: “AJ Bell is well on the way to becoming a real force in the platform space and adding functionality like this for advisers looks like it has set itself up to do some serious damage in the post-RDR world.”

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