Consultancy services

Langley Consultants can assist your investment business across all areas from sales and marketing through operations and administration to the back office. We have a breadth of industry knowledge and experience and access to a network of technical specialists to provide tailor made solutions for your business.

 

Wrap platform development

As transactional commission margins are being driven down by competitive and regulatory pressures, we believe that IFAs will move from transactional based business to trail and advisory fee based business. IFAs will need to provide their clients with greater levels of service.

Wrap has been conceived to provide:

  • Easy investment choice through open architecture
  • Improved financial planning by advisers
  • Increased client engagement in wealth management

Langley Consultants have been involved with fund supermarkets and Wrap programmes since their early conception and have an on-going dialogue with parties interested in participating in Wrap programmes.

If you are considering the future impact of Wrap on your business we can:

  • Explain what Wrap is (and what it isn’t!)
  • Assess the impact and relevance of Wrap for your business
  • Develop your business case
  • Design, build and deliver all or part of your Wrap solution

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Fund management selection, pricing and SLAs

Having the correct pricing, mandates and service levels relative to the different needs and ways of buying and contracting fund management can make a difference to your product pricing and bottom line. Matching these criteria to needs such as, Wrap and Fund Supermarket platforms, External Fund Links programmes and Pension fund mandates are crucial decisions.

Langley can help you

  • Prepare suitable fund management selection criteria and method
  • Negotiate suitable fee and service level agreements (buying or selling)
  • Review your existing fund manager contracts and SLA’s
  • Select suitable investment vehicles e.g. Unit Trusts, OEICs, pooled, segregated etc.
  • Decide on investment methods such as index tracking, multi-manager, value, growth etc.
  • Define mandates and the monitoring of them

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Fund re-engineering and rationalisation

One of the key challenges for the UK investment industry is driving down costs whilst maintaining legacy business. In particular, the UK life and pensions industry is under increasing pressure.
We can help you re-engineer and rationalise your fund range and structure to improve the profitability and attractiveness of your life, pensions and investment products.

We can review your product range and help design and implement a rationalisation programme covering:

  • Products structures and pricing
  • Investment mandates and fund performance
  • Back office process and IT systems
  • Compliance and legal
  • Customer communications

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Product design and implementation

The challenge today is to bring carefully thought out and profit tested investment product to market quickly. Product must be appropriate for your style and chosen distribution methods or refashioned to fit forthcoming changes in your business or the market itself.

We can help you to determine if you want to compete with a particular product or design a new one. We can then assist you to get them to market quickly.

We have particular expertise in the following areas

  • External Fund Links for Life and Pension Companies
  • Selecting and contracting asset management
  • Multi Manager product and accompanying fund mandates
  • OEICs, ISAs and Pension funds
  • New Qualified Investor Scheme opportunities

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New Collective Investment Scheme rules (from CP 185)

From 1st April 2004 new rules followed the consultative paper 185. Many new product and marketing opportunities arise out of these rules including the possibility to run a hedge fund as a new qualified investor scheme. More importantly the possibility of performance related fees could have implications depending on whether you are a buyer or seller!

Langley can help assess these new rules and possible opportunity or impact on your business. In any event the new rules will have to apply to all Authorised Funds by February 2007.

  • New Qualified Investor Schemes
  • More flexibility for fund managers
  • Regular reporting changes
  • Limited redemption funds
  • Unit classes for AUTs
  • Align rules on expenses and allow performance related fees

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Marketing, sales and distribution strategy

Depolarisation and the Sandler Report will fundamentally change the model for distribution. Some asset managers are now trying to decide whether the want to be manufacturers, distributors or both.

We can help you:

  • Research the market specific to your business
  • Review and assess the profitability and effectiveness your current distribution model
  • Provide strategic recommendations on the best way forward
  • Implement the change

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