Transact adds asset transfer feature for advisers

Advisers can transfer assets themselves

Sophie King
clock • 1 min read

Adviser platform Transact has introduced a sub-wrapper feature which allows advisers to transfer client assets themselves.

Transact said that while advisers have always been able to split wrappers - which are a method of structuring investment portfolios in the most tax-efficient way -  they will now be able to do that themselves via Transact Online.  Advisers will be able to segregate investments into separate "pots" or "sub-wrappers" to make it easier to plan for specific life events. It will also allow clients to manage a portion of their portfolio themselves, without impacting the rest of the investment strategy.  Transact chief development officer Jonathan Gunby said: "As we continue to reduce our pr...

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

Join

 

Already a Professional Adviser member?

Login

More on Platforms

Schroders UK Platform Awards 2025: Entries are now open!

Schroders UK Platform Awards 2025: Entries are now open!

Celebrating the best of platforms and tech

Professional Adviser
clock 17 March 2025 • 2 min read
Adviser platforms post best quarter of the year for net flows

Adviser platforms post best quarter of the year for net flows

Top five adviser platforms accounted for 129% of annual net flows

Isabel Baxter
clock 27 February 2025 • 2 min read
Nucleus updates platform to support advisers with pension calculations

Nucleus updates platform to support advisers with pension calculations

Aims to help advisers keep up to date with complex changes

Isabel Baxter
clock 14 February 2025 • 2 min read