MLC and Standard Life Wrap form Partnership

MLC, the 3rd largest specialist manager of managers investment house in the world is pleased to announce an alliance with the Standard Life Wrap platform service.

Through the alliance, MLC’s 6 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 modelling tools the Wrap offers to make the recommendation and implementation process seamless.

MLC, with over £1.4bn of funds under management in the UK and over £45bn globally, also operate a UK adviser consulting business called Pivotal Consulting. Pivotal Consulting, regarded as the leading specialist IFA consulting firm in the UK, employs highly qualified and experienced Business Consultants to work with adviser firms. 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 utilising 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 modelling tools the Wrap offers.”

Nick Blake, Head of Wholesaling and Implementation for Standard Life Savings Ltd said: " I am delighted to see MLC coming onto the Platform. As we work with advisers to modernise 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.

I am also pleased to be able to support access to Pivotal who, like Standard Life, is keen to offer support to firms looking to add value to their business and their clients. I believe that MLC and Pivotal share many of the aspirations and values of Standard Life and I look forward to working with them."