Alliance Trust sets £3bn target for adviser platform

The ATS wrap, which is set to launch a new flat-free pricing model later this month to attract IFAs, currently sits at about £400m assets under administration (AUA). However, managing director Patrick Mill said the firm would need to hit £3bn in advised business in the next two to three years for the platform to be a success. "We're now at £400m, which from zero two years ago is quite good," he said. "A lot of our future growth is going to be in the adviser space. Direct will grow but advised will be much bigger. "I'm not sure we'll get to a 50/50 split, but we'll see 40/60 inst...