The integrated platform will be available to advisers from the summer of 2007 and run by Brett Williams who is CEO of Skandia MultiFunds and Selestia.
The underlying technology infrastructure for the new platform will be based on the current Selestia platform as it offers the scalability to support both growth in business volume, as well as further service and efficiency enhancements in the future.
Skandia and Selestia portfolio planning tools will be upgraded to take the preferred functionality from both Skandia and Selestia’s investment tools. These will cover risk profiling, asset allocation, fund selection and portfolio construction.
The two fund ranges will be brought together and additional new funds and fund groups will be added to meet adviser and client demands.
The range of available tax wrappers will include ISA, PEP, OEIC, Unit-Trust, onshore bond, offshore bond and personal pension. All tax wrappers will offer direct investment into the full range of underlying unit trusts and OEICS.
To support the financial adviser business process the current Selestia pre-sale services, with their new business processing and adviser facing Customer Relationship Management system, will be integrated with the Skandia MultiFUNDS’ post sale administration and portfolio management system.