What is a Wrap?

A wrap allows you to stay in control of your financial planning by bringing together your investments into one, always available, place. This means that you and your adviser spend less time finding out where your finances are and more time achieving your financial goals.

You will be provided with your own customisable Client Portal, so that you can quickly access the information most important to you. The secure site allows you to see daily valuations across all of your accounts, view previous transactions and even keep track of your ISA contributions.

Holding your investments in one place doesn’t mean that you restrict your investment choice though. The Amber platform allows you to invest in a range of assets including Unit Trusts, OEICs, Investment Trusts, Equities and Exchange Traded Funds, all of which can be supported in a large range of currencies. You and your adviser will agree the best investments to suit your needs.

As well as being able to invest in a range of assets Amber covers a number of different accounts, each of which provide different tax advantages and your adviser will work with you to find out which is best for you. Through Amber you can access the Amber Individual Savings Account (ISA), Amber General Investment Account (GIA) and Amber Self Invested Personal Pension (SIPP), you can also access Investment Bonds too.

Why the Amber Wrap?

SIMPLICITY

Combining your investments into the Amber Wrap means that you can view everything through a single point, and receive consolidated statements, reducing the amount of paperwork you need to keep track of. In some instances you may also be able to manage money held in other companies products via your Amber wrap.

COMMUNICATION

Clear communication is key in any relationship, we will keep you up to date by providing you with statements quarterly, we will also send you contract notes when trades have occurred within your accounts, and every year we will produce a comprehensive tax report that will contain all the information you need to pass to your accountant.

TAX EFFICIENCY

The Amber platform provides a range of different accounts that mean you and your adviser can select the best tax environment for your investments, such as an ISA, Pension or bond. Where you invest outside of a tax wrapper we will also keep track of any capital gains that you may have incurred, so that you can easily fill out your tax return, and ensure that you can utilise your allowances in the most efficient way.

SECURITY

We have a strict client money process designed to keep your money as safe as possible. Amber and SEI are Authorised and Regulated by the Financial Conduct Authority (FCA), who ensure safeguards are in place to protect you and your assets. Your money is always kept separate from Amber and SEI, to protect it from anything that might happen to us as a company. Where money is held within a fund or a custodian they are usually covered by the Financial Services Compensation Scheme (FSCS). To find out more details please read our Client Terms and Conditions.

How the Amber Wrap Works

Amber Wrap Flowchart