Transact
Online investment platform
Transact is a wrap service that provides an online administrative support tool for financial advisers to assist them in managing client portfolios. It uses an online platform to bring assets and investments together in on place, releasing financial advisers from time-consuming paperwork and administration.
Transact provides a consolidated dealing service for financial advisers which enables them to instruct Transact to undertake purchases and sales of investments on behalf of their clients.
Transact does not provide any investment advice. Products offered include General investment accounts, ISAs, JISAs, offshore bonds, onshore bonds, Personal Pension Plan and SIPPs.
Platforms
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.
24 June 2015
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Industry
Investment trust sales on adviser platforms reached a record high in the first quarter of 2015.
02 June 2015
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Platforms
Transact has partnered with Octopus Investments to become the first platform to offer venture capital trusts (VCTs) following the introduction of new legislation.
23 April 2015
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Platforms
Transact has reported record pre-tax profits for 2014 as it gains 10,000 new clients.
02 April 2015
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VCTs/EIS
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.
31 March 2015
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Platforms
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.
03 March 2015
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