Standard Life is looking to better integrate its wrap with a number of back office technology systems.
Money Marketing understands Standard Life has held early discussions with a number of firms including Avelo and Intelliflo..
Standard Life Wrap is currently only fully integrated with Focus Solutions’ back office system. Standard Life acquired Focus for £42m in December 2010.
Head of platform propositions David Tiller says the firm is looking at full integration with other technology providers as it looks to ensure advisers do not have to continually update the information on their back office system following updates on the platform.
Standard Life has relationships with back office providers Avelo, IntelliFlo, Plum Software and JCS which allow valuations and commissions to pass between the back office and the platform. Full integration would enable automatic updates of all client information and investment recommendations on both the back office system and the Standard Life Wrap.
Tiller says: “We are committed to delivering further integration with adviser systems across Wrap and Adviserzone delivering efficient processes for our advisers across both new business and ongoing servicing.”
Thomas and Thomas Financial Services managing director Darren Lloyd Thomas says: “From a personal point of view I like to keep my data on platform separated from the information I have on my back office system.”