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, Professional Adviser's sister title Investment Week understands.
Jon Taylor, head of the former Co-op life insurance business, is to replace Hugo Thorman as managing director of platform Ascentric.
Other Wrap/platforms articles
The use of super clean share classes by certain platforms is beginning to cause 'unintended restrictions' for clients trying to re-register to alternative platforms.
Provider Aviva's platform is on course to achieve profitability in 2016 and its target of £6bn in assets under management (AUM) by the end of this year, after its AUM has doubled in the last 12 months.
Platforms are racing to update their conversion programmes as advisers complain about hefty charges when switching clients into clean share classes.
Zurich has overhauled its platform fee structure and announced a cut in its initial investment charge for all clients.
Nicola Brittain investigates the impact of the industry's race to the bottom on advisers' platform strategies
Zurich is not interested in participating in a platform price "race to the bottom", its head of retail platform strategy has said.
Axa Wealth's Corporate Investment Services business is increasing the investment universe for employee benefits consultants by adding exchange traded funds (ETFs) to its bespoke Investment Only offering.
Wealth manager Charles Stanley has reported a 33% drop in profit before tax following a year of "significant" cost which has seen it spend millions on acquisitions.
Advisers must act now to be prepared for the end of fund rebates on legacy platform business. Your platform should be ready to assist too, writes Cofunds’ Sam Christopher.
D2C platform Charles Stanley Direct has launched a new loyalty programme for clients with a series of additional fee cuts, alongside a customer charter which promises users a "fairer deal".
AXA Wealth has agreed preferential, non-rebated share classes on 153 funds from seven fund groups.
Novia’s profits rose sharply last year after the group received a boost from the sale of its Novia Investment Services arm to Aegon.
Neil Woodford has been handed a mandate on Skandia's WealthSelect range, likely in the region of hundreds of millions of pounds, with the platform also getting access to the manager's 65bps share class.
D2C Platforms attempting to undercut Hargreaves Lansdown via lower fees have not made "significant enough" reductions to lure clients away, analysts at Barclays have said.
Sheriar Bradbury on platforms, orphan clients and the fight for market share…
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