Displaying items by tag: Platforms

Platform engine provider FNZ has today sold off its acquired rival GBST to a private equity firm after the Competition and Markets Authority (CMA) blocked FNZ’s acquisition of GBST.

Adviser platform Transact has reported a record £7.7bn of gross inflows for the year ending 30 September.

STM Group, the international SIPP and financial services provider, has seen a £400,000 hit to revenue this year as SIPP business slowed, the firm reported in a trading update today.

Advised net flows reported a quarter-on-quarter decrease of 20.78% in the third quarter, according to a new report.

Advised net inflows rose 36% year on year to nearly £4bn at investment platform AJ Bell for the year ended 30 September.

Advisers placed almost £2bn with investment platform Transact during the quarter ended 30 September 2021.

Platform and SIPP provider AJ Bell has promoted CFO Michael Summersgill to the newly-created role of deputy chief executive officer.

Funds under direction (FUD) for adviser platform Transact rose 7.2% over the quarter ending 30 June.

The Australian-owned wrap platform Praemium, which offers a range of investments including SIPPs, is to sell off its UK and international operations after receiving approaches from potential buyers.

Staff at adviser platform Transact are to start to return to the office from August as the platform pilots a hybrid working model.