View more on these topics

Transact tops The Platforum Q2 leaderboard

Transact has toppled Elevate off the top spot in The Platforum Market Monitor leaderboard for Q2, with Elevate coming second and Sippcentre third.

Each quarter The Platforum reviews each platform’s performance, with a focus on costs, user feedback, growth, AUA growth, financial strength and functionality.

The Platforum says AUA growth and adviser feedback were key to Transact’s success this quarter.

Parmenion topped the user leaderboard, with Transact and Nucleus in second and third place respectively.

Total platform assets increased 9.1 per cent from £223.85bn in Q4 to £244.19bn in Q1.

The Platforum head of adviser platforms Freddie Findlater says: “After a few quarters of relatively flat AUA growth in 2011, Transact picked this up in 2012 and has accelerated in the first quarter of 2013, adding over £1bn to the platform. Transact has always been popular amongst its users and continues to excel in the area of customer service and face-to-face support in particular.

“Second in the Market Monitor, Elevate has had another good quarter in terms of adding assets to the platform and topped the Market Monitor last quarter but slipped to second place after a slight reduction in adviser feedback scores. Sippcentre benefits from impressive asset growth, improved user reviews and cost.”

Technology and technical founder and director Kim North says: ”Transact has simplified its previously complex charging structure and continues to focus on delivering exactly what IFAs want. Advisers have always been very loyal to Transact because it’s not all lights and whistles, it sticks to its knitting and delivers a good service.”

Overall Leaderboard

Platforum-Top-5.jpg

User Leaderboard

The-User-Leaderboard.jpg

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