Transact adds asset transfer feature for advisers

Transact said that while advisers have always been able to split wrappers - which are a method of structuring investment portfolios in the most tax-efficient way -  they will now be able to do that themselves via Transact Online.  Advisers will be able to segregate investments into separate "pots" or "sub-wrappers" to make it easier to plan for specific life events. It will also allow clients to manage a portion of their portfolio themselves, without impacting the rest of the investment strategy.  Transact chief development officer Jonathan Gunby said: "As we continue to reduce our pr...