Lifetime Group live with DSTi Wrap software

Source: DST International

DST International (DSTi) - a leading provider of business solutions for the investment management industry today announces today that Lifetime Group of Companies (Lifetime) have gone live with the DSTi Wrap solution for investment managers offering Wrap programs or Managed Accounts.

The service comprises of DSTi's front and middle office investment management solution, AWD - DSTi's business process management solution, HiPortfolio - DSTi's portfolio administration and fund accounting solution, and HiWay - DSTi's data transformation, messaging and internal systems integration solution.

Mike Winn, DSTi's CEO, said, "DSTi is delighted to be Lifetime's technology partner for this innovative offering. Lifetime's Wrap (The Bigger Picture) utilises existing DSTi industry-leading application software together with our proven work management solutions and a bespoke Lifetime front end to meet the needs of Lifetime, the IFA's and their clients. DSTi believes that Wrap will be an important part of the UK investment community."

Jeremy Bradburne, Lifetime Group's CEO, says: "There is no doubt that Wrap services are going to play a major part in the future of the UK advisory market. We believe that The Bigger Picture offers a simple, attractive Wrap solution designed firmly with the needs of both client and adviser in mind. Having the skills and experience that DSTi brings, behind our core technology means we can look forward with confidence as the UK Wrap industry develops and our business grows in the future".

Lifetime will offer a range of retail investment products in the UK, designed for the mass affluent customer segment, which will be offered through advisers and distribution groups. They include three "tax wrapper" types of products and one "non-tax-advantaged" wrapper:
  • Self-Invested Pension Plan (SIPP)
  • Individual Savings Account (ISA
  • Personal Equity Plan (PEP)
  • General Investment Account

The system allows investors to subscribe cash and invest in the full range of asset types supported by the Lifetime system, with low lump sum and regular contribution level limits. All four account types will allow both cash and in-specie transfers. The client/advisor will be able to record personal assets other than those mentioned in the three products. The system will record the assets, but not do any calculations based on the assets.

The investor or their adviser can receive consolidated portfolio reports across all their investment funds and products via the external information and enquiry system.

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