Amber Financial Investments (Amber), the new corporate wrap business from the Paradigm Group, launches today.
The new FSA-authorised venture will form part of Paradigm Group’s existing stable of companies, which currently includes Paradigm Partners, Paradigm Pensions and Paradigm Mortgages.
Powered by SEI, the leading global provider of investment processing, fund processing, and investment management outsourcing solutions, the Amber platform is being launched with the aim of becoming the premier corporate wrap for financial advisers operating in the employee benefits space.
In addition to a suite of on- and offline tools and consultancy services, the platform will offer advisers and their clients access to a comprehensive range of more than 1,300 funds at launch. At the heart of the proposition will be a Group Personal Pension (GPP) which will be available alongside a Self Invested Personal Pension (SIPP), and Individual Savings Account (ISA) and a General Investment Account (GIA).
Key to the Amber’s appeal among advisers will be its ability to plug into JargonFreeBenefits, the online pension compliance and flex-benefits proposition launched by Steve Bee last year. JargonFreeBenefits, which announced In2Matrix as its 100th licensee firm last week, has been developed to improve the UK workplace pension market by giving SMEs cost effective access to the kind of systems and benefits historically only available to the very largest organisations.
Commenting, Paradigm founder, Paul Hogarth said:
“I believe the Amber proposition we are launching today has real potential to become a dominant force in the UK corporate platform space. With a GPP at the very heart of the offering from day one, Amber is already in the fortunate position of being one of only a handful of true corporate wraps on the market. By working closely with the adviser community we now aim to build on this, creating a market leading proposition uniquely aligned to meet the needs of the modern adviser and their clients.
“By ensuring the proposition also plugs into the JargonFreeBenefits middleware we are also looking to provide advisers with a unique opportunity to significantly enhance their corporate proposition in a market which is set to grow exponentially over the coming years.”
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