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

Perspectives on platforms and progress – past, present and future

Perspectives on platforms and progress – past, present and future

'Platform providers need as much input as they can get if they want to stay ahead of the curve'

Steve Andrews
clock 19 February 2026 • 4 min read
Hargreaves Lansdown slashes account fees to 0.35% in charges overhaul

Hargreaves Lansdown slashes account fees to 0.35% in charges overhaul

Annual account charges to drop

Patrick Brusnahan
clock 26 January 2026 • 1 min read
AJ Bell platform AUM hits record £108bn as advised customer numbers rise

AJ Bell platform AUM hits record £108bn as advised customer numbers rise

Figures for the three months ended 31 December 2025

Jenna Brown
clock 22 January 2026 • 2 min read