Currently every time you buy an investment product you will go through a lengthy process which involves considerable paperwork. 

Platforms such as Fidelity and Skandia allow for you to hold all your unit trusts isas and peps in one place with the ability to get valuations at a glance. A wrap is similar to the above but holds every financial asset you own in the same place. It is a custodian for your financial assets.

It has: 

•  Allowed us the ability to see all assets and liabilities on assets that are held on the wrap
  
• The ability to access a wide range of investment types and fund managers 
  
• Investment functionality that allows us to ensure your investment strategy is appropriate and monitored 
  
• A range of reporting that allows your plan to be reviewed and recommendations implemented easily 
  
• A wide range of tax wrappers to ensure the most appropriate tax wrappers are available to you 
  
• A range of tools that helps the adviser manage your capital 
  

Other Wrap Investment Frequently Asked Questions: