Standard life’s Investment Hub has broken through the GBP4 billion milestone as it celebrates its third birthday.
The Hub supports the increasing need for advisers and their discretionary managers to work in close harmony to deliver the best outcomes to their clients. This is made possible by unifying the custody of investment assets and tax wrappers, allowing multiple portfolios to be run within and across tax wrappers. This provides advisers with real time visibility and reporting of portfolio holdings.
With access to 76 highly rated discretionary managers – growing from just seven at the time of launch – the flexible configuration of the Hub allows advisers to better reflect the increasingly complicated requirements of those clients who are approaching or in retirement.
David Tiller, Standard Life’s Head of Adviser and Wealth Manager Propositions, says: “The support for our Wrap discretionary Investment Hub is outstanding, with assets now exceeding some platforms in the market. I am convinced that this success is all about advisers and discretionary managers’ focus on the client, with the Hub enabling much closer coordination of financial planning and investment activities than was previously possible.
“In order to meet the needs of the new retirement market, advisers are demanding more from their platform. They are looking for fund houses, in-house administrators, and third party discretionary managers to be able to match specific mandates aligned to different client goals and for platforms to enable these to be combined as part of an overall client plan. The architecture underpinning our Wrap and Hub investment capabilities makes this a uniquely straightforward exercise.”
Tony Allan, Partner and Head of Business Development at LGT Vestra, says: “The Investment Hub is intuitive, easy to use and has clearly been designed with a real understanding of the needs of discretionary managers and advisers. The closer the alignment between advisers and their selected discretionary managers, the better the outcome, whether in terms of minimising the tax burden, or maximising growth or income potential. The Hub is a great example of how well-considered technology not only delivers efficiencies but can actually enable better client outcomes.”
