Transact

AJ Bell and Embark latest to confirm IPO plans

AUM of £13bn

Further reducing annual fees

Eighth charging reduction since 2008

Legal & General's decision to invite offers for Cofunds just two years after it bought the platform is fraught with a number of potential pitfalls, according to industry commentators.

Investment trust sales on adviser platforms reached a record high in the first quarter of 2015.

Transact has partnered with Octopus Investments to become the first platform to offer venture capital trusts (VCTs) following the introduction of new legislation.

Transact has reported record pre-tax profits for 2014 as it gains 10,000 new clients.

UK smaller company investment boutique Amati has launched an AIM IHT portfolio service for investors looking to take advantage of UK government inheritance tax exemptions on shareholdings in certain qualified listed companies.

The potential sales of Transact and Seven Investment Management (7IM), as well as increased scrutiny from the regulator, have prompted advisers to start probing platforms on their exit strategies.