After six months of preparations, Bravura Solutions and Nucleus Financial Group have launched an industry first wrap initiative in the UK.
Nucleus is a recently-launched financial services business designed and supported by seven UK-based independent financial adviser firms (IFAs) and South African life insurance company Sanlam.
The new wrap platform is the first UK IFA-owned and designed solution of its kind, and will allow participating IFAs to manage their client portfolios more effectively, offering full visibility of all assets.
It is being delivered in partnership with another Bravura UK client, Scottish Friendly, which will provide the business process outsourcing services.
Bravura head of strategic sales in Europe, Middle East and Africa Steve Williams said its partnership with Nucleus was part of its growth strategy in the UK.
“With two wrap platform clients already in the UK and state of the art technology to support them, Bravura is well-positioned to take advantage of the business opportunities presented,” he said.
Nucleus chief executive David Ferguson said Bravura was selected because of its ability to provide a low cost, efficient, innovative solution, and for its capacity to support a wide range of life, pension and investment products.
