IIP is an open architecture investment platform with access to over 128,000 mutual funds, ETFs, DFMs, structured products, and direct equities.
Best Offshore Solutions, a structuring and marketing solutions company, will market the offering globally to professional intermediaries.
“With our distribution business we’ll take Gravitas’ platform out to IFAs, wealth managers, private banks, and anybody who wants to trade on a platform where it’s easier to get fees upfront as it is to be paid a small [annual management charge] by the platform,” said Kevin Neal, director, Best Offshore Solutions, speaking to International Adviser.
Advisers have the option of various charging structures that replicate the offshore bond market and are able to amortise fees over a five or 10-year term.
“IIP truly is a bespoke platform built for the adviser and also has Sipp & Qrops offerings available.”
“In a nutshell what it enables IFAs to do, is use a platform where they can still take fees, just like they do in the offshore bond market, but advertise it over a five to 10 year period,” said Neal, who believes that this not only benefits the advisers but also their clients.
Sipp and Qrops
Simon Vooght, marketing director of Best Offshore Solutions, said: “IIP truly is a bespoke platform built for the adviser and also has Sipp & Qrops offerings available.”
Another key features of the platform is its ability to generate all applications through the ‘docusign’ application, making paperwork a thing of the past.
This has been a plus for offshore advisers as they are able to more efficiently service clients who may move to new jurisdictions.
“Although UK IFAs can use it, the platform is targeted more at the offshore market. Dubai, the Middle East, Qatar, Hong Kong, Singapore, in those kinds of areas it will become very attractive for IFAs because a lot of trail commissions have been cut off,” Neal said.
Gravitas Finance is regulated by the Mauritius Financial Services Commission.