Wrap Factfiles: Everything you need to know about 7IM

Business information

Who are your financial backers? The shareholders are the 7IM senior management team and staff, Zurich Financial Services and Aegon Group. No single party has a controlling interest.

Advisers using the platform: 640

Clients registered on the platform: 8,083

Assets under administration:£2.2bn

Net inflows for 2011: £320m

Platform launch date: 02/01/2005

What profits/losses has your platform business made in the last three years? Not disclosed

Staff numbers: 124

Administration and customer support staff: 45

Do you run, or plan to develop, a direct-to-consumer or corporate/workplace proposition? No

Available investments

How many funds are available? 6000-plus

Share classes:

Retail: Yes

Institutional: Yes

Types of investment product

Gross nominee account No

Exchange traded funds Yes

Exchange traded commodities Yes

Structured products Yes

Equities and fixed income securities Yes

Unregulated collective investment schemes Yes

Property partnerships No

Other investments No

Which DFMs are available through the platform?The platform is available to practices that have discretionary authority; we are currently developing the functionality to allow third party DFMs access to the platform.

Can DFMs access the platform to run client money? Yes

Charging

Bundled: No

Unbundled: Yes

Semi-bundled: No

Dual charging: No

Charging structure: There are no annual platform charges applicable to holdings in the 7IM range of funds.

For other assets:

• £0-£500,000: 0.4%

• £500,000-£1million: 0.25%

• £1million- £1.5million: 0.2%

• £1.5million-plus: 0.15%

Additional charges: There is a CGT report charge of £40.

Adviser charging structure:

Initial: 0-3%

Annual: 0-1%

Wrappers

• ISA

• General investment account

• Sipp

• Personal pension

• Section 32

• Executive pension plan

• Onshore bond

• Offshore bond

• Qualifying overseas pension scheme

• Qualifying savings plan

• Maximum income plan

Other:SSAS

Are both onshore and offshore bonds offered open architecture?Yes

Who are the wrapper providers? Open architecture. Including the following providers:

• Suffolk Life

• James Hay Pension Trustees

• Hornbuckle Mitchell Trustees

• AJ Bell (PP) Trustees

• I.P.M. Personal Pension Trustees

• Alliance Trust Pensions

• Sippchoice Trustees

• IPS Pensions

• Aegon

• Scottish Equitable

• Standard Life

• Rowanmoor Pensions

• City Trustees

• Barnett Waddingham Trustees

• The PAL Partnership

• Sanlam Investment and Pensions

• Intelligent Sipp

Wrapper charges: There is no wrapper charge applied by 7IM.

Can funds in wrappers held outside the platform be managed on the platform? Yes

Is on platform execution available for all of the wrappers that you provide? Yes

Functionality (part one)

What type of client accounts do you allow?

• Individual: Yes

• Joint: Yes

• Charity: Yes

• Corporate: Yes

• Other: trusts

MODEL PORTFOLIOS

Can advisers build their own? Yes

Third party model portfolios: No

Additional charges for these services: No

REBALANCING

• Manual: Yes

• Automatic: Yes

• Individual portfolios: Yes

• Multiple portfolios: Yes

Functionality (part two)

RE-REGISTRATION

Off platform re-registration: Yes

Available on all wrappers? Yes

Re-registration charges: £25 applicable for transfers off platform

Average time for in specie re-registration: 4-8 weeks depending on the underlying assets

Do you support the Tax Incentivised Savings Association’s automated re-registration project? Yes

ACCESS

Online access for clients: Yes

Can advisers turn this off? No

Can clients execute their own investments? Yes

Is the platform accessible offline? No

Accessible via smartphone or BlackBerry No

TOOLS

Asset allocation Yes

Cashflow modelling No

Stochastic modelling No

Risk profiler Yes

Capital gains tax calculator Yes

ADDITIONAL FEATURES

• Client Review Reports

• Morningstar X-Ray

• FE Analytics

• Voyant

Pre-populated forms: Yes

Business tracking: Yes

Were tools developed internally or with third party software? Third party

OTHER FEATURES

Back office links:

• Avelo

• Quay Software

• IntelliFlo

• True Potential

White labelling: Yes

Adviser support services:

We assign a dedicated relationship manager to each adviser practice, to understand how their business works. Online manuals and user guides are available via the platform. We also offer face-to-face training and platform training. The platform team are available from 9:00am to 5:30pm Monday to Friday to answer any queries. We have regular focus group meetings with users to discuss current and future development plans.

Policy for assets of ‘orphan’ clients:

The 7IM platform service is exclusively available through financial advisers who have registered with us to use the 7IM platform. Clients must inform us if they change adviser.

New features in development?

• Automatic rebalancing

• Fixed term deposits

• Third party DFMs

Cash

Cash account: Yes

Proposition: On deposit via Pershing who utilise a range of banks, we expect to have fixed term deposits available in Q4 2011.

What percentage of assets on the platform are held in cash accounts? 6.6%

Charges applied to cash assets: We pay interest on cash at 0.75% below base rate (cannot be below zero).

Can clients hold cash in foreign currencies through the platform? Yes

Policy when cash account empty: Cash needs to be replenished by deposit or encashment of units/shares.