Alliance Trust Savings (ATS) plans to increase assets on its adviser platform seven-fold by 2015.
The ATS wrap, which is set to launch a new flat-free pricing model later this month to attract IFAs, currently sits at about £400m assets under administration (AUA). However, managing director Patrick Mill said the firm would need to hit £3bn in advised business in the next two to three years for the platform to be a success. "We're now at £400m, which from zero two years ago is quite good," he said. "A lot of our future growth is going to be in the adviser space. Direct will grow but advised will be much bigger. "I'm not sure we'll get to a 50/50 split, but we'll see 40/60 inst...
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