14 new names added to Alliance Trusts platform

Alliance Trust Savings has added 14 fund managers to its investment platform, growing the number of clean share class funds to more than 2,000 ahead of its target.

14 new names added to Alliance Trusts platform
1 minute

The platform now boasts more than 60 fund managers including the latest additions: Architas; Argonaut; Brooks Macdonald; Cazenove; Frontier; Hexam; Octopus; Old Mutual; Quilter Cheviot; Russell; Total Clarity Funds; Verbatim; Vinculum and WHEB.

Alliance Trust Savings said the new groups had been added in response to adviser and client demand. Advised clients can now access more than 2,000 funds whereas non-advised clients can buy more than 1,900.

Head of platform proposition at Alliance Trust Savings said: “The addition of more fund providers will allow us to gain a stronger foothold in the advised market. We continue to seek feedback from financial advisers to enhance our proposition.

“At the start of the year we stated our ambition to offer more than 2,000 funds by the end of 2013 – and with further providers to be added before the end of year we are ahead of schedule. Our move to clean share class funds and the addition of new fund providers now means that funds account for 26% of all asset purchases across the entire platform and 59% of asset purchases for advised business.”

 

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