PLATFORM ONE PIONEERS CUBE MANAGED PORTFOLIOS OF STRUCTURED PRODUCTS
The UK’s first risk-targeted structured product portfolio service has been made available to UK financial advisers using Platform One this month. Advisers can now access three portfolios that are managed by James Brearley & Sons using cutting-edge risk return analytics provided by Cube Investing.
This is the first time that UK advisers and their clients will have access to a range of discretionary managed portfolios of structured products that are designed to deliver defined income and growth outcomes. The launch marks a significant development in the UK platform space that allows advisers to access the benefits of institutional structured products as well as the easy dealing, transparency and security via a platform offering.
“I am delighted that Cube’s Managed Portfolios Service has been made available to advisers using Platform One,” commented David Stuff, Chief Executive of Cube. “With a strong and proven track record for performance and best-in-class reporting, I think that this represents a real milestone in the development of the UK investment landscape, offering genuine differentiation and innovation via Platform One.”
“With MiFID II on the horizon, we’re seeing more and more demand from advisers who are looking to benefit from the enhanced returns and capital protection of structured products but don’t want the time-consuming hassle and regulatory risk of selecting individual products,” he added.
“This new development marks real progress in the way that structured products can be used to provide genuinely differentiated returns with clearly defined risks,” said Michael Fordham, Managing Director of Platform One. “Advisers and their clients who use Platform One can now access truly diversified portfolios that benefit from: institutional pricing, daily liquidity, MiFID compliant reporting and best-in-class analytics.”
The Cube Model Portfolios include: Cautious Defensive Return, Cautious Defensive Income and Balanced Growth. The Model Portfolios are managed on a discretionary basis by James Brearley & Sons, and will invest exclusively in Structured Products. There is a mandate for each Model Portfolio that defines the type of Structured Product the Investment Manager can buy, in satisfying the defined investment objective and risk limits of each.
The Service is available to most investors including individuals, charities, trusts and companies. It may be used as part of a general investment portfolio. It can also be applied to funds you may hold in an ISA or SIPP and it may qualify for inclusion within an offshore life company bond for certain international investors.
PLATFORM ONE SELECTS HUBWISE TECHNOLOGY
Platform One has selected Hubwise technology to provide additional UK platform services for both top tier advisers with high value clients and for advisers with a wider spectrum of clients.
The Hubwise technology will enable Platform One to launch a highly streamlined online service to UK advisers which offers model portfolios and a simple, cost efficient SIPP.
Advisers with a mix of clients, including those with median value portfolios, can now use the Platform One service cost effectively for all their clients. They will also have access to the wide range of products and services that Platform One uniquely offers. More UK financial advisers will therefore be able to use Platform One’s services.
The new Platform One services will include an option to use an automated and highly sophisticated portfolio modelling service due that is to be launched shortly. It will also offer new platform charges that include free dealing for portfolio models provided by either the adviser or a discretionary manager.
In addition to the new services for financial advisers, Platform One will extend the specialist platform services it provides for financial services companies that require a fully branded online service to support their products.
Speaking about this new development, Michael Fordham, Managing Director of Platform One said, “We are very pleased to be able to extend the services we offer to UK financial advisers and to product providers. We are also delighted to be working with the Hubwise team and their very impressive technology. The new services are an excellent complement to our existing UK and international capabilities”.
Angus Macdonald CEO at Hubwise commented: “It is testimony to the quality of the Hubwise offering, including its many unique features that a fellow platform provider has acknowledged and selected our proposition. We look forward to a long and mutually beneficial relationship.”
PLATFORM ONE WIN BEST GLOBAL WRAP PLATFORM 2016
The Wealth and Finance prestigious program of Awards are now in their 3rd year. These awards offer a global overview of the market, highlighting, recognising and rewarding the truly top performing and most deserving businesses, individuals and departments in today’s financial landscape
Platform One Limited are proud to have been awarded Best Global Wrap Platform 2016. Read more here.
PLATFORM ONE LAUNCHES THE ALTERNATIVE INVESTMENT ZONE
Platform One has launched the Alternative Investment Zone providing financial advisers and qualifying investors with the ability to find EIS, Seed EIS and BPR company investments. This enables them to find, buy and hold these investments in their portfolios – a service unique to Platform One.
The Platform One service includes a facility which enables advisers to buy, record and view all their clients’ investments. This includes UK assets, offshore assets, alternative investments and non-custody assets in a single consolidated portfolio.
The Enterprise Investment Scheme (EIS) was launched in 1994 and the Seed Enterprise Investment Scheme (SEIS) was introduced in 2012. Both schemes are aimed at boosting UK economic growth by encouraging investment in small and start-up businesses. In return for the increased risk associated with investing in such companies, generous tax benefits are offered to investors. These are now very attractive to HNW and Sophisticated investors due to the combination of generous Income tax, CGT and IHT benefits they offer.
For clients seeking IHT mitigation, there are specialist unquoted companies operating relatively sound businesses that offer an alternative method of IHT planning. Business Property Relief (BPR) benefits apply to investments in unquoted trading companies and are advantageous to older investors with a potentially high Inheritance Tax liability.
The growth of the EIS and SEIS investment market has been significant and with further restrictions now applying to VCT funds, the EIS and SEIS investment market is expected to grow even further in the 2016-17 tax year.
The aim of the Alternative Investment Zone is to help financial advisers and qualifying investors understand the opportunities available and locate authorised promoters. Platform One has developed relationships with a number of the leading EIS, SEIS and BPR investment promoters and offers advisers and clients the ability to select and purchase Alternative Investments for their Platform One portfolios.
EIS, SEIS, BPR and other unquoted shares can either be held securely in the Platform One nominee or recorded if held by the client in certificated form, so that these investments can be shown within their portfolios.
Speaking about this important development, Michael Fordham, Managing Director of Platform One said, “We are delighted to offer this unique new service which enables advisers and clients to find EIS, Seed EIS and BPR opportunities and locate authorised promoters. This provides a further development as part of Platform One’s strategy to provide a premium service to support advisers with high net worth clients.”
PLATFORM ONE & CITI ANNOUNCE THE ADDITION OF THE 80% PROTECTED DYNAMIC ALLOCATION FUND TO THE INTERNATIONAL PLATFORM
PLATFORM ONE & CITI ANNOUNCE THE ADDITION OF THE 80% PROTECTED DYNAMIC ALLOCATION FUND TO THE INTERNATIONAL PLATFORM
Financial Markets like stability, but there are many uncertainties in today’s world. These uncertainties can cause instability. Advisers will be aware of the issues facing all investors; China, oil, quantitative easing, zero / negative interest rate policies, Eurozone Banks and Brexit to name but a few! Charting a successful course through the next few months and years is now something advisers will be concentrating their minds on and to this end Platform One are pleased to announce the addition of the 80% Protected Dynamic Allocation Fund to its International Platform available for Lump Sum Investments on our Fee Based and Commission Funded Platform Services.
Independent Marketing Consultant, Peter Carnell who is working with Citi as a fund promoter said “Citi Funds bring new and insightful investment opportunities to investors. To access premier investment opportunities, you can draw on Citi’s unparalleled global presence, expertise in structuring and trading in investment solutions and their partnerships with fund professionals. Citi offer investment solutions and strategies to help achieve specific financial objectives, including greater market access, defined future returns, additional risk management and more”
The 80% Protected Dynamic Allocation Fund aims to achieve long-term wealth generation through investments in global markets, coupled with capital preservation. BlackRock (the “Portfolio Advisor”) determines the composition of the active investment portfolio (the “Advised Portfolio”) while Citigroup First Investment Management Limited (the “Investment Manager”) provides a dynamic allocation strategy with a profit lock-in feature, protecting at least 80% of the highest daily fund net asset value (NAV) per share.
- Available in £ / $ / € Share Classes
- The active investment portfolio is advised by BlackRock and benchmarked 80% global equities / 20% fixed income.
• BlackRock are one of the Worlds pre-eminent investment management firms
- UCITS IV Fund (Dublin)
- FCA Recognised
- Daily dealing
- Protection provided by Citibank NA
- Available via SIPP / SSAS / QROPS/ QNUPS/ Ins bonds / Flexible annuities
- Ideal for flexi access drawdown and decumulation strategies
The fund is also an ideal alternative to with profit funds which have seen massive allocations in recent years from advisers seeking a smoothed delivery of returns.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. In Europe, Citi manages more than $1.1 billion in retail funds.
Michael Fordham, Managing Director of Platform One added, “We are delighted to further extend the range of asset classes we offer our Adviser Firms for clients in the accumulation and de-accumulation stages of their portfolio.”
CLIVE BOOTHMAN APPOINTED CHAIRMAN
Platform One, the premium Wrap platform serving both UK and International advisers, is pleased to announce the appointment of Clive Boothman as Group Chairman.
Clive is well known in the platform industry having previously been Chairman and a founder of the wrap platform Ascentric from 2005 to 2014. Prior to that, he was CEO of Cofunds between 2002 and 2003.
Clive Boothman is probably best known as the initial CEO of the Schroder’s Investment funds business, Schroder Unit Trusts, where he oversaw its huge growth and success in the 1980’s and 1990’s. In 1996-97 he also served as Chairman of the Association of Unit Trusts & Investment Funds (AUTIF – now called The Investment Association). He was the CEO of Gerrards in 2000-01 following the merger of Capel Cure Sharp and Greig Middleton to become the UK’s largest stockbroker.
An accountant by training, Clive has also worked in international trust and private banking roles which has led to his interest in the potential for international platform services and the development of these services at Platform One.
Michael Fordham, Managing Director of Platform One and formerly a founder of Ascentric with Clive Boothman, said: “I am very pleased to be working with Clive again as he brings a great deal of knowledge and experience which will be of great benefit to the business. His appointment as Group Chairman of Platform One is well timed as we are actively expanding the range of services we offer to both the international adviser market and the advised HNW sector in the UK”.
Commenting on his appointment, Clive Boothman added “It’s a great time to have joined Platform One and I look forward to helping it develop the unique proposition it offers to advisers. Its leading position in the international market, combined with the HNW service it provides for the UK market, makes its offering unique and compelling to adviser firms. It’s clear that the company has a major market opportunity ahead of it”.
RITA SOLANKI APPOINTED HEAD OF INTERNATIONAL BUSINESS DEVELOPMENT
Platform One, the Wrap platform able to support both UK and International advisers, is pleased to announce the promotion of Rita Solanki to Head of International Business Development.
In her new role Rita will be responsible for Platform One’s relationships with international advisers in all jurisdictions except the UK and Ireland.
With over 20 years in Financial Services industry, including 3 years at Platform One, Rita Solanki has been helping advisers use financial products and platform services. Previously as a Business Development manager she was instrumental in supporting advisers using Platform One’s UK and International services.
Michael Fordham, Managing Director of Platform One said: “Rita has been an important and valuable member of Platform One’s adviser support team and her promotion to Head of International Business Development is well deserved. She is widely recognised and trusted in the international adviser community and as we are expanding our international services we are very pleased that she has accepted this important new senior position.”
Asked about her new appointment, Rita Solanki said “I’ve always had an interest in the international market and I appreciate the different cultures and jurisdictional needs. Platform One already has a significant presence in the global market and I look forward to extending our services to a wider range of international advisers.”
JEREMY SIMS APPOINTED OPERATIONS MANAGER
Platform One, the premium Wrap platform serving both UK and International advisers, is pleased to announce the appointment of Jeremy Sims as Operations Manager.
Jeremy has a strong background in financial administration and operations, having worked in the sector since 1998. At JP Morgan he was Operations Manager dealing with global trade settlements and more recently at Fund Partners Limited he was responsible for ensuring high levels of service and support to fund sponsors and investment managers.
Michael Fordham, Managing Director of Platform One said: “The appointment of Jeremy to the role of Operations Manager is aimed at strengthening our services both in the UK and internationally. We are about to significantly enhance and expand the platform services we provide, particularly in the offshore market, and his experience will help ensure that we continue to deliver the high levels of support we provide to advisers and their clients as we undertake that development”.
Commenting on his appointment, Jeremy remarked “I had been aware of Platform One for a few years, so when the Operations Manager role arose it was too good an opportunity to miss and I didn’t hesitate in accepting the position. My aim is to add my knowledge and experience to Platform One’s already established and high caliber client services team and I hope that I shall also be able to bring some fresh ideas to its operation. I am therefore delighted to be joining the Platform One family”.
PLATFORM ONE/STELLAR LAUNCH OF FIRST AIM ISA ON A UK PLATFORM
Stellar Asset Management, the provider of UK tax-efficient portfolio services, and Platform One, the UK and international wrap service, have unveiled the first ever AIM IHT service to be available on a UK platform.
The move means that for the first time advisers using Platform One can integrate AIM IHT portfolios alongside all their other investments, enhancing their client offering and the quality of portfolio reporting.
The Stellar AIM IHT ISA offers investors the well-known income tax and capital gains tax benefits of an ISA – with the added advantage that after just two years the assets are free from inheritance tax (IHT). The portfolio is also available on Platform One outside an ISA wrapper and both variants offer the option of insurance to ensure that on the investor’s death the value of the investment has not shrunk – even if the market has fallen.
Stellar Chief Executive Jonathan Gain said: “Until now an adviser wanting to manage all of a client’s investments through a platform and use AIM investments for IHT planning has had to buy stocks individually. Now they can offer clients the diversification and expert stock picking you get with a professionally managed service and be confident that the holdings qualify for IHT exemption, removing a significant amount of hassle and risk. Platform One is leading the way on this and the development is bound to attract interest from advisers.”
Stellar has scrapped all initial charges on its AIM IHT ISA and AIM IHT portfolios and created a facility to enable advisers to easily transfer-in any existing general ISAs into the Stellar AIM IHT discretionary managed services on Platform One.
Michael Fordham, MD of Platform One, added: “We are very much at the leading edge of providing a relevant wrap service to the HNW client. Platform One was the first to accept unquoted shares, EIS and Seed EIS investments, as well as alternative investments that cannot be traded easily. Stellar’s AIM services have excellent credentials and their addition to our platform will be good news for many of our advisers serving UK clients.”
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