MLC, a specialist manager of managers investment house, has announced an alliance with the Standard Life Wrap platform service. Through the alliance, MLC's six UK manager of managers portfolios will be added to the core offering on Standard Life's Wrap.
Advisers using the Wrap will now be able to access MLC’s sophisticated manager of managers portfolios at extremely competitive prices. The portfolios will also be built into the modeling tools the Wrap offers to make the recommendation and implementation process seamless.
MLC also operates a UK adviser consulting business called Pivotal Consulting. Together, they agree, design and implement target operating models designed to increase profitability and client satisfaction levels, and build overall business value.
As part of the alliance between Standard Life and MLC, select firms utilizing the Standard Life Wrap will have access to the Pivotal Consulting service.
Peter Smith, general manager of MLC in the UK, said: We are experiencing very strong growth in the UK through partnerships with leading independent advisory companies. We are now very excited that advisers will be able to access our world class MLC manager of managers portfolios via Standard Life Wrap at very competitive prices, and that the portfolios will be able to be implemented in a seamless manner via the first class risk profiling and modeling tools the Wrap offers.
Nick Blake, head of wholesaling and implementation for Standard Life Savings, said: I am delighted to see MLC coming onto the platform. As we work with advisers to modernize their business models, we see an increased demand for outsourced investment solutions. MLC is already a leading provider of these solutions and is often requested by new and existing firms on our Wrap platform.