Bringing you live news and features since 2006 

Principal’s platform service breaks GBP100m barrier


Principal Investment Management and its Sanlam Fund Solutions (SFS) service have broken through the GBP100m AUM barrier with their wrap platform based models, less than 14 months since launch.

Hugh Titcomb, CEO of Principal, says: “Our wrap based models complement our traditional full service discretionary investment business. They provide an efficient and cost-effective way for IFAs to offer the benefits of discretionary management to those clients who may fall below the minimum investment levels normally required for such services. Equally, they provide an effective way to outsource investment risk and address suitability and TCF concerns both now and post-RDR.

“We have clear plans to continue building this part of our business and aim to quadruple AUM on our wrap models by the end of 2012.”

Principal’s and SFS’ model portfolio services comprise a set of clearly defined risk-graded portfolios, with models aligned to industry standard risk profilers (including Sanlam’s own Accel risk profiling tool), which match clients’ investment objectives and attitudes to risk. The portfolios comprise high quality diversified funds. 

Model portfolios are currently available on Skandia, Nucleus and Ascentric, with discussions underway with a number of other wrap providers.

Titcomb says: “This is a significant landmark, and we are proud to have reached £100m so quickly. Growth has been consistently impressive, and as we approach RDR we fully expect to see further acceleration over the coming months. We could not have done this without our IFA partners and greatly appreciate their support.”

He concludes: “We have worked hard to build the wrap offering and believe it offers IFAs an ideal solution for many clients currently outside the scope of discretionary managers. We’re very excited about the future, building on what has already been a very successful year.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by