Standard Life has launched Professional Portfolio Manager (PPM), its new segregated portfolio technology specifically designed to support advisory CIP management.
Using next generation technology, this represents a leap forward in allowing Wrap advisers to scale their investment processes to serve more clients with more dynamic investment solutions, more efficiently. The architecture and features of PPM signal a shift to the next phase of platform development in supporting adviser businesses.
David Tiller, Head of UK Propositions, says: “With so much recent effort across the market on regulation alone, it is great to be able to launch something new for advisers. Professional Portfolio Manager helps deal with the multi-faceted challenge of delivering tightly controlled individual investment solutions in a scalable manner, while still being able to deal with the natural behaviours of clients. To me, this marks the beginning of a new wave of platform development, and indeed, of platform architecture itself.”
“The enhanced functionality is also central to supporting the transformation of adviser businesses to meet the evolving demands of the market. As we all come to terms with the post pension freedoms client book, the ability to avoid conflicts between planning decisions and investment decisions, the ability to control portfolio drift, manage sequencing risk and to seamlessly execute multi-goal multi-portfolio strategies are now the benchmarks all post-freedoms platforms should aspire to.”
“Advisers are telling us they are increasingly challenged by complex requirements of clients in retirement. This technology is a huge step forward. Operations that could have taken adviser businesses many man hours to deal with on an individual basis have become automated, changing the outlook and potential for adviser businesses and the many clients who can benefit from them.”