Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Standard Life platform hits £6bn on DFM surge

Standard Life platform hits £6bn on DFM surge

Standard Life has reported a 30% increase in adviser firms investing client money in discretionary manager portfolios on its Investment Hub platform during 2017.

This was the biggest increase since the platform launched in 2014 and contributed to the 75% growth in assets under administration (AUA) on the Hub, with assets now standing at around £6 billion.

The service gives financial advisers access to a wide range of model portfolios with access to 90 discretionary managers offering a range of strategies.

Standard Life’s head of adviser and wealth manager propositions, David Tiller (pictured), said the firm will allow advisers to customise client portfolios on the service later this year.

He said: ‘Advisers will be able to establish investment mandates that are targeted against the individual requirements of their clients without the premium normally associated with type of portfolio tailoring.

‘What was once the preserve of the very high net worth will be open to all advisers’ clients.’

Several discretionary fund managers (DFMs) have signed up to the platform in the four years since it was launched, with over 50 signing up just a year after its launch.

Over 90 are currently on the platform for advisers to access, while there are over 5,000 funds on the platform.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter