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.
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.
Praemium has bolstered its discretionary capabilities with two senior hires.
For a business that does not give investment advice, does not design or manage portfolios, does not make asset allocation decisions and does not run any money, Cofunds has an extraordinary influence on the rest of the UK investment world.
Schroders and Threadneedle are among the first group of fund houses to offer ‘super clean’ share classes to advisers through the Standard Life platform.
Investment platform pricing continues to be a prominent factor in adviser platform selection but functionality remains key, CoreData Research has found.
Almost two-thirds of advisers will carry out further platform due diligence following the FCA’s platform paper, and of those 44% have already started to do so.
The latest comment on the investment industry's consolidation has been targeted at platforms, with Deloitte suggesting a drastic reduction in the number of providers by 2018.
The majority of advisers believe at least 50% of all new platform business will be directed into clean share classes over the next 12 months.
Raymond James has announced an additional bundled pricing model for its administration platform, which it believes enables wealth managers to segment their client base and manage portfolios for various clients through one platform.
The largest platforms have lost 20% of their market share over the past three years with the top five now accounting for 70% of total platform business, compared to 90% in 2010.
Ian Sayers, director general of the AIC, has welcomed the FCA's long-awaited rules outlining how platforms can be paid going forward.
Skandia is sticking to its plan to maintain rebates on as many funds as possible following the roll-out of its new unbundled share class, arguing the majority of investors will be disadvantaged should they be abolished altogether.