Transact adds asset transfer feature for advisers

Advisers can transfer assets themselves

Sophie King
clock • 1 min read

Adviser platform Transact has introduced a sub-wrapper feature which allows advisers to transfer client assets themselves.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

Transact cuts platform costs in updated pricing approach

Transact cuts platform costs in updated pricing approach

Family linking policy will be extended to more members from April

Isabel Baxter
clock 15 January 2026 • 2 min read
Are advisers becoming 'numb' to poor platform service?

Are advisers becoming 'numb' to poor platform service?

Findings from Parmenion and The Lang Cat’s The Impact of Poor Platform Service report

Isabel Baxter
clock 11 December 2025 • 1 min read
Foster Denovo expands platform deal with Nucleus' Third Financial

Foster Denovo expands platform deal with Nucleus' Third Financial

Third Financial was acquired by Nucleus last year

Sahar Nazir
clock 01 December 2025 • 2 min read