Alliance Trust looks to enter wrap race

The Dundee-based provider mainly operates in the D2C market, but is now looking to make inroads into the IFA space by attracting advisers with high net worth (HNW) clients through its i.nvest platform. Head of product and marketing Garry Mcluckie said RDR presents an opportunity to take on the big three fund supermarkets. "We feel transparency is something that all platforms need to adopt - and the big players are being dragged along reluctantly," he said. "IFAs have moved on from percentage commissions - those days have gone." ATS's upfront fee model would be of particular interes...