James Hay Wrap Managers has added 17 legal & general funds to both its wrap self-invested pension plan and wrap offshore bond platform.

The total number of funds now available on James Hay Wrap totals 1,359 funds from 57 different providers. These institutional class legal & general funds comprise a range of active and passive investment strategies, and offer exposure to a range of asset classes including cash, commercial property, fixed income and equities.

Investors using James Hay Wrap can now choose retail and institutional funds, open ended investment companies and unit trusts at competitive and preferential terms. Together, the James Hay self-invested pension plans and wrap businesses have over GBP13 billion under administration.

Shaun Sandiford, regional sales director of James Hay, said: Independent financial advisors are increasingly offering their clients a blend of passive and active funds to achieve the correct risk/reward balancing within portfolios. We are delighted to offer this wide range of active and passive funds from Legal & General, one of the best known financial brands in the UK.