The agreement means that advisers will be able to use the Wealthtime platform within FPI’s Reserve Advance and Succession Planning bonds. By using an offshore bond, clients are often able to make their investments more tax efficient.
Wealthtime was set up in 2007 by the former James Hay senior management team. Since opening for business at the beginning of 2010, the platform has received over £220m of client funds.
Irvine Baxter, UK regional sales director at Friends Provident International said: “I believe that utilising the investment capabilities of a fund platform together with the tax efficiency of an offshore bond can be an extremely powerful combination.
“FPI offers access to all the leading platform providers, we are not tied to a particular fund platform provider, which gives us independence and offers maximum choice to advisers.”
