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

Parmenion to offer advisers wider portfolio analysis via Mabel Insights

Parmenion to offer advisers wider portfolio analysis via Mabel Insights

Advisers using Parmenion will gain access to tools

Sahar Nazir
clock 18 November 2025 • 1 min read
Aviva's adviser platform delivers 14% rise in net flows to £3.5bn

Aviva's adviser platform delivers 14% rise in net flows to £3.5bn

Improved retention across the adviser channel

Sahar Nazir
clock 13 November 2025 • 2 min read
7IM platform net sales hit £540m amid 'major transformation'

7IM platform net sales hit £540m amid 'major transformation'

Total advised AUM up 18% to £17.4bn

Isabel Baxter
clock 23 October 2025 • 2 min read