Platforms were always intended to be open. In 2021, advisers should be able to plan their clients’ wealth both holistically and flexibly. That flexibility might relate to funds and exchange-traded instruments, model portfolios – or the range of tax wrappers and products used throughout the financial planning process.
At Seccl, we want to be sure our customers can operate platforms that support the products and wrappers they need.
That’s why we’re happy to announce we’ll now be able to support Canada Life Offshore Bonds on our platform technology. Advisers using platforms built on our technology can now use CLI products and choose from over 2000 assets – all while utilising our Altus Transfer Gateway, to move assets fast.
Here at Seccl, we facilitate a growing range of products and tax wrappers. As well as General Investment Accounts (GIAs), Individual Savings Accounts (ISAs) and Self Invested Personal Pensions (SIPPs), we’re proud to support a number of third-party products, too.
These are products where the investments are managed by a third-party provider, but administered on a Seccl-powered platform. It means that a financial adviser can get the best of both worlds – they can continue to recommend investment vehicles that add value to their clients, while being able to manage those investments on the platform of their choice.
In our latest development cycle, we built support in the Seccl system for offshore bonds with Canada Life.
Advisers using a Seccl-powered platform can now create an offshore bond account for their client, link it to the product provider (Canada Life), and manage it just as they would for all other investments. They will also be able to transfer assets held in offshore bonds on different platforms.
Up until now, advisers using a Seccl-powered platform have had to keep clients’ offshore bond assets with Canada Life on separate platforms. Now, they’ll be able to transfer these assets across – doing away with the need to manage their clients through multiple different platforms and instead allowing them to deal with just one (and one that’s fully paperless, too).
But this isn’t the end of the road by any means. As ever, we have ambitious plans to continue our open architecture journey, which is why we’re working to support additional offshore bond providers and tax wrappers in line with customer demand. Keep an eye on our blog for more updates!
If you like what you see, want your own demo, or would like to find out more about operating your own platform, then don’t hesitate to get in touch.
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