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Platform and SIPP provider AJ Bell has reported strong growth in revenue and profits in its results for the year ended 30 September published today.

Alltrust has partnered with Platform One to launch a white-label investment and custody platform.

Software, training and support services provider PlanHappy is to launch an adviser platform.

The Scottish Widows Platform, the new name for The Embark Platform, has been launched this week.

Total advised customer numbers for platform and SIPP provider AJ Bell rose 10% year-on-year to 156,368 for the quarter ending 30 June.

Integrafin, parent company of adviser platform Transact, has reported advised client numbers climbed to a record 229,000 in the three months to the end of June.

Octopus-owned investment platform Seccl has launched a fully digital and paperless drawdown SIPP.

Adviser platform Transact has criticised the approach some other platforms have taken towards cash handling and the use of cash interest.

Integrafin, parent company of platform Transact, suffered a near £4m fall in IFRS pre-tax profit in the half year to 31 March as it was hit by rising costs and adverse markets.

Adviser-focused investment platform Nucleus has reported a £25.4m profit before tax for 2022 following its £24m loss in 2021.

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