Market bounce boosts Transact funds under direction
FUD was up 4% for the quarter but remains below the £54.5bn recorded a year ago
FUD was up 4% for the quarter but remains below the £54.5bn recorded a year ago
Integrafin also irked shareholders with its lack of diversity
The platform’s funds under direction hit £46.9bn on the back of strong inflows
Platform adds £2.9bn of assets in Q4 from positive equity markets
Financial advice firm sees assets slide 4% over the quarter while Quilter sustains 14% AUM hit
Interim chairman Christopher Munro to step back later this year
Diversified funds under direction provide protection for the adviser platform
Recently-listed Integrafin announces two appointments
Integrafin chairman Patrick Snowball has stepped down from the Transact parent to join Provident Financial.
Transact’s total funds hit £32bn over its third quarter reporting period despite seeing higher outflows.
Integrafin, the parent company of investment platform Transact, has been admitted to the London Stock Exchange’s main market for listed securities.