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

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 transaction, for an undisclosed sum, also included ATS' offices in Dundee and brings Embark's total scale to 180,000 clients with £22bn assets under administration. Embark Group chief executive Phil Smith told Professional Adviser existing users of ATS' platform would retain their pricing structure, but flat fees would not be an option for new clients.  "We do not operate on a flat-fe...