Transact FTSE 250 entry leads the way for platform IPOs
The entry of Transact parent Integrafin into the FTSE 250 index has been described as good news for rival platforms and wealth managers considering a listing.
The entry of Transact parent Integrafin into the FTSE 250 index has been described as good news for rival platforms and wealth managers considering a listing.
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Platforms’ business models are an important consideration under financial adviser due diligence so what do a recent spate of IPOs and planned listings from Transact, AJ Bell and Nucleus mean for the nascent market?
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Integrafin, the parent company of investment platform Transact, has been admitted to the London Stock Exchange’s main market for listed securities.
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Transact has added fuel to the fire of the post-RDR price war with its eighth annual charge reduction in seven years.
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Investment platform Alliance Trust Savings (ATS) has raised its annual administration fees in a move it said will allow it to maintain the quality of service to customers and to continue to meet regulatory standards.
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Investment platform pricing continues to be a prominent factor in adviser platform selection but functionality remains key, CoreData Research has found.
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