Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Credo to offer new partner model for wealth managers

by Elsa Buchanan on Jan 07, 2014 at 07:30

Credo to offer new partner model for wealth managers

Credo is launching a outsourced platform proposition for wealth managers that will provide a suite of back office functions.

The new 'Partner' model will provide trading capabilities, custody and reporting services along with access to its range of model portfolios, which the firm launched last July.

Aimed at wealth managers wishing to launch their own legal entity, Credo said they benefit from the firm's FCA authorisation with its compliance team taking full responsibility for monitoring the activities of the entity.

'We have seen a growing demand from individuals who want to start running their wealth management business but don't want to have to run a regulated firm,' Charles van der Merwe, managing director of the firm's wealth outsourcing solutions division told Wealth Manager.

'It is tough to start of a partnership business because the regulation is so complex and vast, but we will effectively be providing that regulatory umbrella. We have the expertise and the technology to monitor those clients efficiently.'

The model's platform fees will range between 15 basis points (bps) and 25bps, on top of which Credo will take a percentage of the financial intermediary’s gross revenue to compensate for the compliance risk, Van der Merwe (pictured) said.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet