Transact hits £10bn AUM

clock

Transact has broken the £10bn AUM figure with head of marketing Malcolm Murray attributing the wrap's successful growth story to its strong service credentials.

The landmark figure was hit at the end of last week, just short of 11 years since Transact was established. "Business has picked up strongly recently, with more clients, IFAs and money coming in," says Murray (pictured). "We will continue to keep doing what we've been doing." Murray also said the wrap has picked up business from ex-Macquarie customers but he said the principle driver of growth has been its robust service offering. "The main driver has been the realisation that service is very important and people do not realise how good it is until they have tried it," he says. "Se...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Quilter reports platform net inflows of £1bn in first quarter

Quilter reports platform net inflows of £1bn in first quarter

Ongoing adviser charging review to start shortly after FCA talks

Jenna Brown
clock 24 April 2024 • 2 min read
Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read