Quilter tops lang cat’s advised platform sales chart as industry outflows rise
Total industry outflows up 30.4% year on year
Transact
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Market bounce boosts Transact funds under direction
FUD was up 4% for the quarter but remains below the £54.5bn recorded a year ago
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Torrid Q3 sends platform investors ‘running for the hills’
Assets continue to slide as net sales hit lows not seen in over a decade
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Industry mourns Transact co-founder Ian Taylor
He ‘was a true innovator and a giant of the industry’
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Transact posts ‘resilient’ Q4 results
Number of advisers using the platform jumped 5% in a year
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BlackRock inks deal to run Transact model portfolios
Marking the first time BlackRock has managed an MPS range on a UK advice platform
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Transact sees highest ever inflows as investor confidence increases
The platform’s funds under direction hit £46.9bn on the back of strong inflows
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Transact assets hit £45bn on positive vaccine news and US election
Platform adds £2.9bn of assets in Q4 from positive equity markets
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Transact parent company drops out of race for Nucleus
Leaving James Hay as the last firm in the running for the London listed platform
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Why wealth managers are a better play on UK savings market than platforms
Broker deems platform valuations too high but fund managers still see an opportunity to tap into future growth
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Ian Taylor bids farewell to Transact after more than two decades
Platform co-founder will retire from financial services in winter
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AJ Bell reveals positive flows amid worst of coronavirus sell-off
But FTSE 250 platform sustains 8% hit to AUA