Barclays eyes 'discretionary direct' service as part of 2015 platform revamp

Barclays is seeking to include a D2C discretionary investment service offering model portfolios to clients in its relaunched consumer platform proposition, Investment Week understands.

The bank, which currently offers direct to consumer securities and funds dealing via its Barclays Stockbrokers service, has been working on a refreshed offering for next year. This relaunch is now scheduled to take place in H2 2015, as opposed to an original target of the first half, but is thought to include a discretionary wealth management service providing tailored portfolios for clients based on their risk appetite. Barclays’ revamped service will see the bank provide a single portal for all Barclays products customers hold, encompassing everything from investments to mortgages, ...