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.
Platform One has agreed to acquire fintech Gaudi and takeover the over £1bn of SIPP assets currently administered by the firm.
Fund manager Marlborough has launched an investment platform for financial advisers and their clients with an annual charge of 0.2%.
Platform Transact has embargoed staff leave for several weeks to cope with the end of tax year rush.
Platform and SIPP provider Embark has enhanced its Embark Platform to improve service for Financial Planners and advisers.
The advised platform market has experienced its worst quarter for net flows since 2016 with just £4.3bn added in Q4 2022 - down £5.4bn on a year earlier.
Parmenion has added DFM portfolios from wealth manager RBC Brewin Dolphin and investment manager Morningstar to its adviser platform.
Transact parent IntegraFin Holdings issued a trading statement today saying that the group was “performing well” with adjusted pre-tax profit for the year ended 30 September expected to be “moderately above” the top end of analysts’ estimates.
Adviser platform Transact has launched a training academy for new staff as it aims to restore its service levels to previous standards.