Standard Life has launched the first development upgrade to Wrap’s Professional Portfolio Manager (PPM) – its segregated portfolio technology – with the integration of its Capital Gains Scenario Tool (CGST).
This enhancement supports over 600 adviser firms currently outsourcing to discretionary model managers and is part of the platform’s continuous programme of technology enhancements. Advisers and their clients have now benefitted from over 50 upgrades to Wrap since launch date.
PPM allows Wrap advisers to scale their investment processes to serve more clients with a range of 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.
The CGST technology extends capabilities even further allowing advisers to:
• Model withdrawal scenarios from Managed Portfolios, enabling them to advise their clients on the capital gains impact across all of their investments. This supports effective complex financial planning with a fully automated process for their Centralised Investment Proposition (CIP) in PPM.
• Understand the tax position of funding a current year ISA from the client’s wider portfolio
• Improve engagement with clients as the CGST report will include all investments, including Managed Portfolios
Alastair Black, Head of Wrap Proposition, says: “We’re delighted to deliver a key development so early in the PPM journey. The number of advisers using Managed Portfolios continues to increase and this enhanced functionality will help advisers offer their clients a bespoke service when it comes to complex tax planning.
“The CGST enables the adviser to engage the financial planning and investment management functions to create better client outcomes while PPM supports large scale portfolio construction, allowing adviser businesses to operate more efficiently and in a scalable manner.
“This is a great example of using technology to address complex client needs while, at the same time, helping adviser businesses.”