Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Vertem moves into platform market with Sapia launch

Vertem moves into platform market with Sapia launch

Newcastle-based discretionary manager Vertem has expanded its reach with the launch of a platform for investment managers and advisers.

The platform is called Sapia Investment Services and offers investment managers, family offices and institutions custody, administration and dealing services.

Clients can opt for an all-in fee of 0.25%, which means there are no additional dealing charges. Alternatively there is a tariff which has a lower custody fee alongside a charge per transaction aimed at those intending to trade less.

Vertem partnered with Third Financial and Tercero to provide the underlying technology.

‘The idea was to be competitively priced and flexible so that clients could deliver cost-effective solutions on to their clients,’ Vertem founder John Dance (pictured) said.

There are no minimums to use the platform, which can trade funds, investment trusts, direct securities, structured products, ETFs and derivatives.

As part of the initiative, Vertem has also launched Sapia Access, an online portal that allows advisers to sign their clients up to core propositions and model portfolios, with streamlined quotes and consolidated Key Investor Information Documents.

The firm charges an all-in fee of 25 basis points, alongside clean share classes and no dealing charges.
Dance said his business now uses Sapia as its platform, with a number of companies already on board.

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 Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter