Alliance Trust Savings (ATS) is in advanced negotiations with around 30 fund groups over adding clean share classes to the platform.
The platform currently lists around 1,400 clean share classes from 40 fund groups. It plans to nearly double this number as part of a drive to treble advised assets under administration on the platform by the end of 2014. Earlier this week, ATS added clean share classes from Fundsmith, Marlborough and Cornelian. The rest will follow in two to three months' time, said managing director Patrick Mill. "We're looking to expand the fund range and we are talking to another thirty-plus [fund groups], so you can see it will be significant," he said. Advised business on the platform - wh...
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