Altus

As the safety blankets of company pensions and state provision are steadily eroded, more and more people have realised that managing wealth for later life is down to them. This has created demand for holistic asset management and - hey presto - the Wrap concept was born. Wraps are already big business in the U.S. and Australia and now they are growing rapidly in the UK. 

Initially adopted by a few niche players, many big providers have now moved into the Wrap space as they seek to adapt to the shifting balance of power in Financial Services. But whilst the underlying products to be managed may be familiar, the processes and information flows required to support them in a Wrap context can be significantly different.

Some of the differences are subtle, like changes to the remuneration model, while others are more obvious, like Wrap charging or the need for re-registration. In order to understand these differences, it is important to have a clear method for analysing the new flows of information that Wrap demands, the data structures to support them and the end-to-end business processes that will implement them.

Altus have the architectural tools and experience to model all these aspects of the Wrap landscape and to provide clear pictures of how it all fits together. This clear visualisation of the target operation is key to avoiding costly mistakes in what is still a brave new world for many.