Standard Life Wrap has agreed a deal with MLC to offer its six manager of manager portfolios through its core offering.
MLC’s suite of portfolios will be embedded in the wrap’s modelling tools and advisers using it will also have access to Pivotal Consulting, MLC’s subsidiary adviser consulting business.
Pivotal is aimed at advisers hoping to improve their operations, increase profitability, client satisfaction and overall business value.
MLC UK general manager Peter Smith says: “We are very excited that advisers will be able to access our MLC manager of managers portfolios via Standard Life Wrap, and that the portfolios will be able to be implemented in a seamless manner via the risk profiling and modelling tools the wrap offers.”
Standard Life Savings head of wholesaling and implementation Nick Blake says: “I am delighted to see MLC coming onto the platform. As we work with advisers to modernise their business models, we see an increased demand for outsourced investment solutions. MLC is already a leading provider of these solutions and is often requested by new and existing firms on our wrap platform.
“I am also pleased to be able to support access to Pivotal who, like Standard Life, is keen to offer support to firms looking to add value to their business and their clients. I believe that MLC and Pivotal share many of the aspirations and values of Standard Life and I look forward to working with them.”