Embark Group to scrap ATS platform's flat-fee model for new clients after acquisition

‘Grandfathering’ of terms for existing clients

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Phil Smith: "We do not operate on a flat-fee basis in our business.”
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Phil Smith: "We do not operate on a flat-fee basis in our business.”

Embark Group will scrap Alliance Trust Savings' (ATS) flat-fee pricing model for new customers after its recent acquisition of the platform's client books.

The pension and platform giant brought in 30,000 new clients with £6bn of assets under management in its recent acquisition of ATS' platform and partnership client books from Interactive Investor. The...

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