Four years on: James Hay turns wrap mainstream

James Hay today celebrates four years since it announced the launch of its Wrap proposition on 25 September 2003.

Javier Maldonado, Chief Executive Officer of James Hay, said: “When we launched in September 2003, it was our stated intention to create the first comprehensive and scalable Wrap service, based on open architecture and a truly whole of market proposition.

“Four years on, we have made tremendous progress. With our technology partner Infocomp, who have a proven track record in the established Australian market, we have developed the architecture to deliver the UK’s first true wrap proposition. While other wrap providers have come and gone, James Hay has invested extensively into its wrap proposition – and remains committed to further investment.

“This commitment is reflected in the impressive growth of our wrap service. Our number of clients, wraps and assets under management have doubled each calendar year. Our average case size is in excess of a quarter of a million pounds. We have over 1200 funds from over 50 of the UK’s finest investment managers.

“James Hay is grateful to the support it has received from IFAs and their clients. James Hay is committed to further investing into Wrap and supporting IFAs and their clients throughout the UK.“