- Knowledge Centre
Platform One is a UK and international investment platform service.
It has been designed to deliver a secure, high quality investment platform for the UK and international marketplace.
Via Platform One, advisers and their clients from around the world can access the benefits of a UK regulated wrap platform.
The service enables financial advisers to consolidate and manage all their high net worth clients’ investments in one place – hence the term ‘wrap’ platform.
Platform One offers what looks to be three core services, each providing access to a wide range of products, funds and services via the platform.
The UK service is available to authorised UK and offshore advisers requiring a platform for client assets held in the UK. This means transparent fee-based Retail Distribution Review (RDR) compliant solutions.
The international service is offshore to the UK, and provides a multi-currency, client agreed fee-charging service.
There is no initial fund fee, and 100% of any fund annual management charge rebates made by the fund manager are credited to the underlying client’s cash account.
The global service is also offshore to the UK, and offers a “traditional” (read “expensively damaging”) commission service, with no explicit adviser charges.
Platform One have recently launched the International Plus Offshore Service operating out of the Isle of Man, for financial advisers and clients from around the world who need to access an open architecture multi-currency platform that offers different types of global assets at a fixed dealing cost.
Platform One is regulated by the FCA, and in 2016 won the Finance Awards Best Global Wrap Platform.
The Overseas Wrap Platform has been developed to suit the differing requirements of advisers and their clients from Europe and Africa to the Middle and Far East.
The differing international tax environments, regulatory regimes and adviser business models are all accommodated in the service.
The financially secure service, using Platform One's own technology also adapts to local client-specific requirements.
Platform One offers access to a choice of over 5,000 collective funds as well as bonds, UK and international equities and cash.
Assets can be held and traded in the major international currencies.
Through either the ‘RDR-based International Service’ or the ‘Commission Funded Global Service’, customers can benefit from Platform One's status of being authorised by the UK Financial Conduct Authority, the provision of multiple currencies and custody held in Luxembourg.