Mumbai based IFAN Finserv (IFAN) (earlier ING Financial Services) has launched a WRAP facility for its associates.
“This facility allows advisors to create a WRAP account for their clients based on their risk profile. WRAP is a perfect tool to do asset allocation through a single click. It is very convenient for client to buy his advisor’s recommended funds without any paper work,” said Rajan Pathak & Head – Business, IFAN Finserv.
The WRAP allows the company’s associates to use the model portfolios or create their own portfolios based on the best schemes recommended by IFAN. Alternatively, investors can also create their own WRAP account based on their preferences. Speaking on the company’s MF recommendation methodology, Rajan said that his team makes a list of sectors which are likely to do well in the next three years and select funds which have a higher allocation to these sectors.
The WRAP facility is available for IFAN’s sub-brokers and the subscribers of IFANet software. The WRAP offers three model portfolios (aggressive, prudent and cautious).
As of now, only mutual funds and corporate fixed deposits are a part of this WRAP account. Going ahead, Rajan said that they will add more products like real estate and gold under this facility.
IFAN is a B2B player which provides CRM & transaction software to advisors, runs a financial literacy TV channel and opeates a sub-broker platform for distributors. Rajan said the company has 1,800 sub-brokers across 103 cities.
The company is registered with SEBI as RIA.
