THE TECHNOLOGY
The Advance platform enhances your proposition by providing a cost-effective solution, offering a wider choice of investments and automating key processes.
The Advance platform was developed by a group of highly-experienced financial services industry professionals – including stockbroking and clearing service CEOs, advisers, clearing and settlement system authors, and the COO of a large back-office offering.
Collectively, they could see a gap in the platform market for something which did everything advisers want from their system. The Advance platform’s key features enabling competitive advantage are as follows:
CLIENTS
The IFA wholly owns and controls the client relationship. All client correspondence is generated in electronic form, fully branded
WEB TECHNOLOGY
IFA-branded, digital portal accessed by the IFA and clients; mobile-friendly and responsive. Campaign Manager to automate model rebalancing/switches and client communications
MULTI-COMPANY
Multiple business lines/branches/entities on a single platform; consolidated group view. Configure different branding and ‘buy list’ for each company; users are tied to a company
SELF-SERVICE
The IFA has direct control to fully service every client through the Adviser Portal. The helpdesk is available to contact (phone, email) for any queries
WRAPPERS
Multiple product wrappers are available: GIA, ISA, Junior ISA, SIPP, Offshore Bond. Multiple sub-accounts can be opened online within a GIA and ISA
INVESTIBLE ASSETS
Wide range of UK and European third-party funds. Global universe of listed assets (equities, ETFs, ITs) and fractional ETF trading
CUSTODY AND CASS
All client assets (funds, equities, ETFs …) registered in a single nominee. Nominee is fully responsible for FCA CASS client money administration and reconciliations
BUYING POWER
The platform employs an algorithm to automatically calculate the amount of actual client cash to be reserved to cover future Adviser and Platform fees due.
THE ADVANCE PLATFORM IS POWERED BY HUBWISE TECHNOLOGY.
PRICING SCHEDULE
Domestic Custody & Trading Services
A tiered custody fee is applicable to all holdings and cash: 25bps on the first £750,000 and 10bps thereafter. The assets of immediate family members will be aggregated for custody fee purposes. No dealing charges for funds, ETFs, Investment Trusts or Equities and there is a flat £1 settlement fee for all RSP trades. Interest is paid at a blended rate every 6 months and 100% of the interest collected by Advance is paid to the underlying client on a pro rata basis based on the cash held on deposit or cash held in model portfolios.
ANNUAL FEES
GENERAL INVESTMENT ACCOUNT £0
JISA/ISA £0
SIPP £0
OFFSHORE BONDS (MINIMUM) £250
CUSTODY FEE EXAMPLES
CUSTODY FEES
25bps on the first £750,000
10bps on asset above £750,000
EXAMPLES
An individual with total assets of £500,000
Custody fee:
£500,000@25bps
=£1,250
A couple with total assets of £1,000,000:
Custody fee:
£750,000@25bps + £250,000@10bps
£2,125
CHARGES AND RATES
THERE ARE NO…
dealing charges for funds, ETFs, Investment Trusts and Equities. There is a flat £1 settlement fee for all RSP trades.
INTEREST IS PAID…
at a blended rate every 6 months. 100% of the interest collected by Advance is paid to the underlyng client on a pro rata basis based on the cash held on deposit or cash held in model portfolios.
ABOUT US
Advance Platform was launched in 2018 as a provider of a modern technology platform for forward-thinking financial advisers.
We are part of the Fidelius group of companies, an experienced Financial Services business committed to providing the very best advice and which prides itself on having the correct work ethos and culture needed to provide an excellent customer experience.
Advance Platform Ltd is an Appointed Representative of Hubwise Securities Limited, which is authorised and regulated by the FCA for Investment Business with FCA registration number 502619.
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