The £850m Scottish Investment Trust has selected AJ Bell to take over the running of 6,750 of its ISA and dealing accounts from its savings scheme.
The accounts represent about 6,000 investors who together hold around £183m in assets. They will be transferred to the AJ Bell Youinvest platform at no cost by the end of the year. The collaboration comes as the board of the trust said AJ Bell offered "competitive charging structure" and "a more flexible and comprehensive platform for investors in the trust". Scottish Investment Trust adopts value bias after strategic review Andy Bell, chief executive of AJ Bell, said: "We are pleased to have been selected by Scottish Investment Trust and look forward to welcoming these customers t...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
