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.

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.