View more on these topics

Interactive Investor to launch advice proposition

Flat-fee platform Interactive Investor will launch an advice proposition this year built off its £40m purchase of fellow platform Alliance Trust in November.

The ATS is split between direct-to-consumer and advised offerings and is popular for its fee-structure despite profitability issues which have dogged results since 2015.

Together, the platforms hold a combined £35bn in assets under management and have around 400,000 customers.

It is the second-largest D2C platform in the market behind Hargreaves Lansdown and almost double the size of its next closest rival, Fidelity.

Interactive Investors chief executive Richard Wilson says there is no certainty yet certain what the combined platforms’ advice proposition will look like.

It will be designed based of customer demand, he adds.

Can Interactive Investor fix Alliance Trust Savings’ technology woes?

“We are doing a lot of things and we are trying to be better than the rest at listening to customers. When you go down the guidance journey, you end up giving into advice.”

Wilson is clear that whatever the proposition is, it will be something that can co-exist with advisers who have clients on the ATS platform.

Wilson says the platform is also considering the purchase of robo-advisers and has been in discussions with a few.

A spokeswoman says: “Cultural fit is absolutely key. There are only a couple to date that would feel like a good fit, but it is very early days.”

Recommended

3

What future for pension tax relief?

A maze of complex caps and exemptions has fuelled calls for change, but could reform prove too costly? The combined weight of varying forms of tax relief on pension savings is an undeniable burden on the government. In fact, figures indicate that ministers gave up just under £40bn in pension tax reliefs in 2016 and […]

Quilter Investors launches multi-asset income range with Janus manager hire

Quilter Investors has hired Janus Henderson fund manager Helen Bradshaw to spearhead the launch of a new multi-asset income range. The range will be launched later this year by Quilter Investors – the asset management arm of Quilter, formally known as Old Mutual Wealth – with an initial two risk-targeted multi-asset portfolios expected in the summer. […]

3

What is the average salary for a UK financial adviser?

Research shows average total earnings for employed financial advisers reached £93,100 in 2017, up from £81,500 in 2016. For self-employed financial advisers, the figure was up nearly 4 per cent year on year to £89,100.  Around 500 advisers and 150 paraplanners took part in research led by recruitment consultants BWD alongside Money Marketing, taking the […]

Rayner Spencer Mills: Why we rate the Artemis Global Growth Fund

Ken Rayner and Graham O’Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio. The Artemis Global Growth Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]

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 thought leadership.

    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