Advisers and discretionary managers who offer investment solutions on Standard Life Wrap will be able to use its recently added individually managed account (IMA) technology at no extra charge.
According to Standard Life, IMA makes the delivery of individual client outcomes more cost effective and scalable as advisers can execute client-specific instructions, agreed capital gains tax (CGT) strategies and tax allowance usage “without the need for expensive manual interventions”.
Initial eight
The platform has worked with a number of discretionary managers to pioneer the technology, with eight committing to offer IMA investment solutions to the advisers they work with.
They are:
- Aberdeen Standard Capital
- Bordier UK
- LGT Vestra
- FE Investments
- Mercer
- Morningstar Investment Management Europe
- Sanlam Investment Management
- Sarasin & Partners
Pivotal moment
David Tiller, head of UK propositions at Standard Life, said: “IMA is our response to increasing demand for tailored investments and tax-optimised outcomes, making it more affordable for clients and more scalable for advisers and investment managers.
“Advisers have told us the goal must be the ability to provide tailored private client investment solutions on their chosen platform with the same efficiency and price as simply buying a fund.
“I truly believe we will look back and see the introduction of IMA as a pivotal point in the development of adviser platforms.”
