Which wrap platform

This practice must surely come under regulatory scrutiny soon. We are a firm believer in activity-based pricing, however, the market has yet to embrace this concept — but it is only a matter of time. As we grow, our margins will only increase as we have the most efficient, purpose-built processing engine in the market by some distance , therefore we can leverage on this and reduce our pricing as we grow, putting further pressure on the rest of the market.

Those platforms that have just floated have no scope to reduce pricing as they have institutional shareholders who expect a return, so to stay competitive, they will need to offer new products, services and enhancements to technology. Those platforms who have just been acquired will not be able to see economies of scale for some time, and will also not be able to offer any improvements to products or tech as they will be resource-constrained and if they are not, will be heading for a regulatory encounter of the first kind.

Where one or two major players do have some skin in the game with their own technology, it is so old and bespoke that it only fits their niche business and is not suitable to be rolled out to other market participants.

Some new entrants have recently tried to enter the market and are being bought before they can establish a foothold or develop comparable functionality. You must be logged in to post a comment. Can you explain wrap platforms to us? What do you think is the attraction of wrap platforms? If a person decides to purchase or vary a financial product, companies within the AMP group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium they pay or the value of their investments.

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