Main Swedish-owned wealth supervisor Söderberg & Companions is launching an adviser platform powered by funding platform Seccl.
The corporate stated the platform was step one on its journey in direction of providing an end-to-end answer to advisers.
The agency remains to be awaiting FCA approval for the launch of the platform.
When it launches, the brand new platform will permit prompt deposits and an auto-investment operate to permit investments to get to market sooner.
It should supply a multi-model strategy so advisers can maintain varied funding methods in a single wrapper. There will likely be no minimal money steadiness required and there will likely be tiered adviser charging with flexibility on charges.
The corporate stated it selected Seccl for its velocity to market and ease of connectivity. Seccl is an embedded funding platform owned by Octopus.
Nick Raine, chief govt of Söderberg & Companions’ UK enterprise, stated: “We wish to scale back the executive burden on recommendation corporations to allow them to consider serving to their shoppers and lower your expenses.
“We wish to our Nordic roots for inspiration, and to study classes about how we are able to enhance adviser-to-administrator ratios to make recommendation extra environment friendly. Our total purpose is to scale back the price of recommendation and help advisers to ship higher service to finish shoppers.”
He stated that different companions have been set to be introduced within the coming months.
David Ferguson, chief govt of Seccl, stated: “We now have a transparent ambition to carry change to the business by doing issues higher. With our hyper-efficient infrastructure, Seccl’s embedded funding platform is completely positioned to ship this, serving to advisers develop their companies and ship higher outcomes for his or her clients.”
Söderberg & Companions was based in Sweden 2004 and is right this moment one of many largest suppliers of wealth administration and company insurance coverage providers within the Nordic area and the Netherlands.
The corporate has greater than 3,000 workers working from greater than 110 places of work in Sweden, Norway, Denmark, Finland, the Netherlands, Luxembourg and Spain, and greater than £60bn in AUM and AUA.
In September it acquired a majority stake in London IFA Timothy James & Companions and minority stakes in two different UK advisers – Dartington Wealth Administration and Atherton York – as a part of its growth drive within the UK.
It entered the UK adviser market earlier this 12 months when it stated it goals to accomplice with as much as 1,000 monetary advisers within the UK inside 5 years.