How Wraps can work for you
Key benefits at a glance
The James Hay Wrap allows details of all of a client's investments with James Hay to be held on a single online platform, where they can be viewed, valued, analysed, monitored and managed by a financial adviser acting on the client's behalf.
Managing these investments through a James Hay Wrap enables financial advisers to provide a comprehensive wealth management service to their clients. It allows an entire investment and pension portfolio to be managed precisely in line with the client's financial goals, personal requirements and attitude to risk.
The James Hay Wrap accepts a wide range of investments and is backed by excellent service and transparent pricing. In fact, James Hay was one of the first companies to have its wrap authorised by the Financial Services Authority.
Please note: A regulated Financial Adviser must be appointed at all times on the James Hay Wrap.
All the client’s investments in one place including stocks and shares, ISAs, an offshore bond and pension investments.
Ease of management with one point of contact.
Reduced paperwork with a single statement covering all investments in the Wrap.
Expert administration based on over 30 years experience in financial administration. A dedicated Account Executive will be allocated to support your Wrap.
Online management including dealing - access to James Hay Online where you can manage your Wrap portfolio online and view information, up to date transactions, cash balances and valuations.
Easier client tax returns as we provide full supporting information.
Rebates received from fund managers are rebated in full, directly to the customer.
Points to consider
A Wrap may not be suitable for all investors and if you are in any doubt you should consult your financial adviser. James Hay Partnership is not authorised to give financial advice. If you do not already have a financial adviser, information can be obtained from http://www.unbiased.co.uk/ .
For more information on the risks associated with SIPPs, please read our guide; SIPPs & Wraps: assessing the risk.
Tax Risk Warning
Current pensions and tax legislation and HMRC practice could change in the future. This may affect the value of your wrap and pension benefits you receive from the Wrap SIPP if you have one. In addition, your individual circumstances will impact the tax treatment of the product elements of your Wrap and may also be subject to change in the future.
Capital At Risk Warning
The value of your Wrap will be determined by the valuation of all the investments held within it. Depending on the type of investments that you choose to hold within your Wrap, some of these may not return the amount you initially invested especially where their value can go down as well as up. This could also impact the level of benefits you can take on your retirement from your Wrap SIPP if held.
You can also find useful and impartial information about pensions, savings and investments on the Money Advice Service website, formerly the UK Consumer Financial Education Body (CFEB).