Client Asset Migration Service for Aberdeen Wrap
Specialist support for an efficient transfer to Aberdeen Wrap.
At Aberdeen, we understand that migrating clients to a new platform can be complex and time-consuming. We've developed our Client Asset Migration Service to simplify and streamline the process of moving assets on the Wrap platform. Our dedicated team of experts are committed to supporting you at every stage, ensuring the transition for your clients is as seamless and efficient as possible. Saving you time, reducing complexity and helping you deliver even greater value.
Watch this short video where Lisa Turley, Head of Client Asset Migration Service, gives a quick introduction to our service (2 mins).
Why choose our migration service?
We know that the decision to migrate clients is a big undertaking for your firm. Partnering with Aberdeen could give you access to our specialist team who have a strong track record of managing the intricacies of asset migration, ensuring that every detail is handled with the utmost care and precision.
There are three core parts of our service
Expert Consultancy
Guiding you through the migration process using our specialist experience and knowledge.
Project Management
Delivering a well-designed project plan applying knowledge, key skills and methodologies, to achieve your goals.
Data Management
Using data experts to help support collection, segmentation and transfer of client data.
Access to our suite of tools
The service also gives you access to our suite of tools that streamline the migration process and reduce your administrative time.
Charge analysis tool
Compare existing client charges to those on the Aberdeen Wrap platform providing the output in the format you need.
Wrap recommendations tool
This tool populates the results from the charge analysis tool, into your suitability letter.
Application support
Our advanced automation will simplify and expediate the new client journey by pre-populating applications for you to submit on the platform when you are ready.
Your migration exercise
- DiscoveryEvery successful migration begins with a meticulous discovery phase. We will gather your detailed requirements and define the scope of your migration exercise, ensuring we understand your unique needs.
- PlanningWe then craft a bespoke migration plan. This plan encompasses your advice, compliance and resource needs, providing a clear roadmap to a successful migration.
- ReadinessWe can offer you consultancy around your advice and client communications strategy. And we can deploy our transfer toolkit which will significantly reduce the administrative burden on key processes.
- ExecutionOur dedicated team will then oversee the entire migration project from start to finish, ensuring a seamless and efficient a transition as possible.
- GovernanceOur transfer tracker report will also offer a comprehensive overview of your client transfers through to completion.
View this short video where Ellis Ferguson, Transfer Manager, gives an overview of our five phases for a successful asset migration (2.45 mins).
Our team is committed to resolving any issues promptly and keeping you informed every step of the way:
- Onboarding manager: Responsible for planning and executing a successful migration.
- Transfer manager: Provides regular progress updates and oversees the migration process.
- Platform consultant: Addresses any technical platform queries and ensures smooth operation.
Adviser guide
Comprehensive support for transferring your clients to Wrap.
Get in touch
Got a question on our Client Asset Migration Service? You can speak to your usual Aberdeen contact or email us.
Key considerations
As part of your decision there are some key area’s that are critical to a successful migration. Things you will need to consider and agree include:
- Client communications – What is your communication strategy for engaging with clients?
- Compliance approach – How can you ensure your clients' advisory needs are met effectively?
- In-Specie vs Cash – What is the optimal method for migrating client assets?
- Resource allocation – What resources are required to execute this migration successfully?
- Client segmentation – How should you approach this migration to effectively manage different types of clients including those with complex needs or vulnerabilities?
Frequently Asked Questions
Further useful information
Wrap products
Discover the range of products available to your clients on Wrap, including SIPPs, ISAs and more
Charges
A simple pricing structure which delivers value for money to all clients.
Fully integrated cash solutions now available on Wrap
Offering your clients a wide range of fixed term deposit and notice day accounts to suit a variety of financial goals.