View more on these topics

Equiniti to launch new platform after acquiring Selftrade assets

Share registrar and outsource provider Equiniti has confirmed plans to acquire the assets of execution-only stockbroking platform Selftrade

Share registrar and outsource provider Equiniti has unveiled plans to build a new platform after acquiring the assets of execution-only stockbroking platform Selftrade.

Equiniti expects to acquire Selftrade’s investor accounts in Q4 after paying an undisclosed sum in the deal. Selftrade has around 130,000 stockbroking clients with assets of £4.2bn.

The deal came to light last month when a statement on the Selftrade website said it planned to transfer its entire client bank and brand to Equiniti following a strategic review after parent company Boursorama exited the UK.

Equiniti says it will maintain Selftrade’s pricing structure for 12 months and ensure continuity of service after it acquires the accounts. It will also invest in a new platform, which will be developed “in line with customer feedback”.

Equiniti investment services managing director Mark Taylor says: “As well as committing to maintain the pricing for Selftrade’s customers and waiving any transfer fees for 12 months, we will look to combine the strengths of Equiniti and Selftrade to develop a sophisticated product and investment platform which reflects the needs of the customer. 

“We have committed to invest significantly in this new platform.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com