FFP Wrap Platform

As far as possible, we have dispensed with insurance company contracts other than for risk insurance such as life assurance: instead we use an electronic “wrap” platform on which to administer our clients' investments. We believe this provides a more efficient, simpler and more cost effective way to invest our clients' money at the same time as offering access to a vast universe of investments.

There are a number of wrap platforms available to financial intermediaries offering differing levels of facilities and carrying differing levels of charge for clients. We are monitoring the developments and could easily arrange migration from our existing wrap provider, Transact Integrated Financial Arrangements Plc, to another if we felt that this was in our clients' best interests. We have used Transact for over 6 years and still feel that it offers the most valuable service to our clients which enhances the service that we in turn are able to provide.

Transact is an integrated investment platform that offers:

• Full range of investment vehicles/tax wrappers at little, or no, cost: ISAs, pensions, bonds (on & offshore), cash and general investments (shares, ETFs, investment trusts, unit trusts, OEICs etc);
• No restrictions on the type, range or provider of investments you can hold;
• A consolidated source of income by collecting income from all your investment vehicles.
• Capital can be withdrawn at anytime;
• An “on-line” facility to check your portfolio's progress and allowing us to administer it on-line, making it much more efficient to run;
• Consolidated income and capital gains tax reports making completing your tax return far easier (and cheaper);
• Clear & unambiguous costs;
• A dramatic reduction in paperwork.
• Access to meaningful and useful information; including twice yearly paper valuations.

For further information on Transact, please visit their website www.transact-online.co.uk