Standard Life upgrades adviser platforms

StandardLife has announced plans to upgrade its Wrap and Elevate adviser platforms to improve the support and end-to-end experience.

Standard Life upgrades adviser platforms

The Wrap platform will be upgraded to improve portfolio management controls and offer clear client reporting.

The Wrap platform will now be able to manage platform assets held in third party tax wrappers and will also offer extended coverage of integrated capital gains tax scenario planning.

Elevate will extend the reach of back office integration, and offer improved client portfolio reporting with clearer labelling convention and graphical representation. The platform will also have tooling and functional upgrades to maximise client tax benefits as well as offer access to more investment options.

Standard Life head of adviser and wealth manager propositions David Tiller said: “Our platforms are used by over 3,000 adviser firms who are telling us the challenges they are facing and with a huge number of potential clients seeking advice along with the significant demands of ongoing drawdown advice, adviser capacity is being seriously stretched.

“Advisers need to know they are able to rely on their platform to find new ways of helping their business scale up, while ensuring continuity of service. The development plans we’re announcing today build on solid foundations to take a major leap forward in the support that Wrap and Elevate will be able to provide advisers.”