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
Transact is to cut platform fees for client portfolios of between £180,000 and £300,000 in an attempt to attract new business.
19 January 2015
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Platforms
Transact has stated its intention to float following its failure to secure a buyer last year.
07 January 2015
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Investment Trusts
Ascentric's managing director, Hugo Thorman, has argued advisers' use of model portfolios is hindering the popularity of investment trusts.
10 December 2014
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2 min read
Industry
The private equity firms eyeing wrap provider Transact have withdrawn their approaches, Investment Week understands.
01 December 2014
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Investment
The regulator is to meet members of Tisa to discuss re-registration rules next month, with the trade body reiterating to platforms best practice guidelines when dealing with super clean share classes after issues arose recently.
22 August 2014
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2 min read
Platforms
Transact has appointed Goldman Sachs to broker a full sale of the business, with senior staff open to an exit if a takeover is agreed, Investment Week understands.
28 July 2014
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Platforms
Wrap platform Transact has acquired a 15% stake in adviser technology business Sprint Enterprise Technology, operator of adviser software system Fastrak.
07 May 2014
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Platforms
Transact has said it will halve both its buy commission and dealing charges from 1 March.
13 January 2014
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Platforms
Last night the prestigious Aberdeen UK Platform Awards were held in London. Here are all the winners and the judges' comments on why they scooped the prizes.
09 October 2013
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6 min read
