Displaying items by tag: Transact
Transact inflows up 34% to a record £7.7bn
Adviser platform Transact has reported a record £7.7bn of gross inflows for the year ending 30 September.
Advisers place £2bn with Transact in 3 months
Advisers placed almost £2bn with investment platform Transact during the quarter ended 30 September 2021.
Transact FUD rises 7.2% as IFAs place £1.99bn
Funds under direction (FUD) for adviser platform Transact rose 7.2% over the quarter ending 30 June.
Transact staff set for office return in August
Staff at adviser platform Transact are to start to return to the office from August as the platform pilots a hybrid working model.
Transact appoints new development head
Tom Dunbar has been appointed chief development officer at adviser platform Transact’s parent company Integrated Financial Arrangements (Integrafin).
Transact set to cut charges in April
Transact is to cut some of its charges in April with annual commission charges and buy commission charges both reduced.
Updated: 2 pull out of Nucleus race
Private equity firm Aquiline Capital Partners and fintech Allfunds have pulled out of the bidding race for adviser platform Nucleus.
Four bidders chase Nucleus platform
The owners of UK adviser platforms and SIPP providers Transact and James Hay have tabled cash offers for competitor and SIPP provider Nucleus.
Transact FUD falls 11% in Q1 but up yoy
Platform Transact has reported that quarterly Funds Under Direction fell 11% in the first quarter (to 31 March) from £39.31bn to £34.99bn, a drop of £4.4bn.
Transact hit with shock £4.3m VAT bill
The parent company of Transact, the SIPP and platform provider, has been hit with an unexpected £4.3m VAT bill which could also see the company having to pay an additional £1.4m a year in VAT.