Friends Provident International (FPI) and Wealthtime have announced a partnership agreement. The addition of the Defaqto 5 star rated company will expand the choice of fund platforms available for advisers to use with FPI’s Reserve Advance and Succession Planning Bond.
By wrapping the platform within a tax efficient offshore Bond the needs of some clients are better met as the overall return on their investments work much harder.
Wealthtime was set up in 2007 by the former James Hay senior management team. The team is very experienced in the WRAP and SIPP markets and is dedicated to providing a comprehensive service to financial advisers and their High Net Worth clients, supported by sophisticated online capabilities.
The Wealthtime platform has received over £220 million of client funds since opening for business at the beginning of 2010.
Irvine Baxter, UK regional sales director at Friends Provident International said:
“I believe that utilising the investment capabilities of a fund platform together with the tax efficiency of an offshore bond can be an extremely powerful combination.
“FPI offers access to all the leading platform providers, we are not tied to a particular fund platform provider, which gives us independence and offers maximum choice to advisers.”
Jan Regnart, CEO at Wealthtime said:
“Many of our supporting financial advisers are interested in offshore bonds and we anticipate increasing levels of business in this area. Our relationship with Friends Provident International will enable us to offer our advisers and clients a wider choice and we look forward to working with them.”
Source : FPI
