James Hay adds 17 L&G funds to wrap platforms

James Hay has added 17 Legal & General (L&G) funds to both its Wrap SIPP and Wrap offshore bond platform. The total number of funds now available on James Hay Wrap totals 1,359 funds from 57 different providers.

These institutional class Legal & General funds comprise a broad range of active and passive investment strategies, and offer exposure to a range of asset classes including cash, commercial property, fixed income and equities.

Shaun Sandiford, Regional Sales Director, James Hay, said: "IFAs are increasingly offering their clients a blend of passive and active funds to achieve the correct risk/ reward balancing within portfolios. We are delighted to offer this wide range of active and passive funds from L&G, one of the best known financial brands in the UK."

Investors using James Hay Wrap can now choose retail and institutional funds, OEICS (Open Ended Investment Companies) and Unit Trusts at competitive and preferential terms. Together, the James Hay SIPP and Wrap businesses have over £13 billion under administration.

James Hay Wrap offers free fund switches and automatically returns rebates to client accounts. Unlike many competitors, James Hay has a philosophy that supports "any fund, in any tax wrapper at any time" and has no preferred fund houses or Investment styles. Advisers can buy any fund they and their clients choose.