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SimplyBiz teams up with IFDL to launch platform
by Jun Merrett on Nov 20, 2012 at 09:14
SimplyBiz has launched a platform to be powered by Investment Funds Direct Limited (IFDL).
IFDL, the holding company for wrap Ascentric, will power SimplyBiz’s Verbatim Product Centre platform.
The Verbatim Product Centre, which is due to be launched in December to a number of SimplyBiz member firms will provide front office and trading capability.
The platform will provide access to a range of tax wrappers including a general investment account, ISA and Sipp with additional wrappers due to be added in 2013.
Rob Beverley, institutional sales director at IFDL, said: 'This is an important announcement for IFDL and follows many months of collaborative thought and development in readiness for the new landscape next year.'
Neil Stevens, managing director of SimplyBiz and Verbatim Asset Management (pictured), said: 'Adviser charging poses many challenges and so we are recruiting new teams and capabilities; whether it’s collective funds, discretionary management, platform, wrap or insured products we’ve lined up the best of the industry to work in new ways that ensure the adviser is the only one constant in the client’s mind.’
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iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
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