Asset manager Threadneedle is looking to join the growing execution-only platform market to take advantage of the advice gap created by the retail distribution review (RDR), writes Jun Merrett.
Our sister publication New Model Adviser® understands the fund group has been in talks with platform provider Cofunds over white labelling its offering after the two companies worked together on Threadneedle’s internal staff ISA platform.
The fund group is now looking into how to broaden the offering to the wider market. Gary Collins, head of UK wholesale at Threadneedle, said: ‘Inevitably RDR will open up many opportunities in the market and we have begun exploring the possibility of a direct offering for our clients.’
Rival fund manager JP Morgan (JPM) is currently the only fund group to offer an execution-only platform. Campbell Fleming (pictured), Threadneedle executive director, was previously managing director at JPM and oversaw its platform launch.