|
Hughes added: “We’ve started that with our MPS and are now looking to extend that further with a range of fund solutions. We will then think about what the next stage is based on feedback from advisers.”
The AJ Bell platform has assets under administration of £31.8bn and more than 140,000 clients.
Its first move into investment management came last year with its acquisition of Indexx Markets, and the subsequent launch of an IFA-focused managed portfolio service in August.
Key events for wealth managers in the week beginning 25 November
The label will come into effect on the 27 November
Global climate assets up 6% in first nine months of 2024
Reluctance of platforms to allow for fractional trading means the inclusion of ETFs and trusts within model portfolio services is being constrained
88% of companies globally either raised payouts or maintained their level
Number of women in the industry increases but female representation in the 50-64 age bracket declined, according to inclusion report
