Consilium Wrap on track for $4b
Consilium says its wrap service will grow to $4 billion in funds under administration in the next calendar year.
Monday, May 20th 2019, 6:00AM
The Consilium Wrap custodial platform service is the fastest growing customised FNZ platform in the world, with $3b currently under administration and another $1b agreed to transfer this year.
“Consilium Wrap is delivering best of breed custodial technology with world-class service and support to advisers and their clients. We’ve transferred over 45 independent advisory practices on to our platform so far and have the people and technology to make the process as painless as possible,” said Scott Alman, Consilium managing director.
“We have committed to ongoing investment and development of Consilium Wrap to ensure we are offering the most advanced platform in the market, coupled with the best service. We want to change the world of wrap platforms, and it’s rewarding to work with advisers who share our vision."
Funds on the Consilium Wrap platform have grown $1.1b in the last 12 months alone.
To keep improving the wrap platform experience, Consilium is working on future developments including:
· An integrated adviser portal, making data and other tools available in one secure and easily accessible place
· A dedicated investor app, set for launch in late 2019, will offer instant access, visibility and easy reporting tools for investors
· Consilium Wrap, which will be future proofed through open architecture with an API plug in, offering end-to-end solutions overlaid with web-based adviser tools.
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