FTFM In the UK in recent months there has been a huge wave of interest in wrap platforms, which provide online services used by financial intermediaries to administer investment portfolios on behalf of their clients.
Would-be wrap providers are each committing capital sums ranging from £3m ($6m, €4m) in the case of adviser-owned entrants such as Nucleus, to more than £100m by the larger insurers such as Norwich Union and Standard Life.
