IntegraFin Holdings plc Transact -- Blackrock Model Portfolio Service (MPS)
September 21 2022 - 2:02AM
RNS Non-Regulatory
TIDMIHP
IntegraFin Holdings plc
21 September 2022
LEI Number: 213800CYIZKXK9PQYE87
IntegraFin Holdings plc
Announcement of the new Transact - Blackrock Model Portfolio
Service ('MPS')
21 September 2022
IntegraFin Holdings plc highlights the new Transact - Blackrock
Model Portfolio Service
Headlines
-- The new Transact - Blackrock MPS will provide a highly
attractive discretionary model portfolio service that will be made
available exclusively to Transact clients and their financial
advisers.
-- This is being launched to extend the choice of Discretionary
Investment Managers (DIMs) available on the Transact platform even
further.
-- Assets held on the Transact platform with third party DIMs
have more than doubled in recent years and using DIMs can reduce
cost and risk for clients and financial advisers.
-- The Transact - Blackrock MPS will draw on Blackrock's
extensive investment management capabilities utilising its
proprietary research and modelling to deliver a cost-effective MPS
range.
-- The DIM fee that Transact will earn will be 2bps including
VAT. However, there are limited additional costs for Transact in
providing this service. Therefore, after the initial set up stage
we expect the proposition to be net revenue positive in FY24.
-- The Transact - Blackrock MPS service will contribute to the
retention of our current clients and financial advisers, and will
be attractive for new clients and financial advisers, and thereby
drive ongoing growth in the overall funds under direction of the
Transact platform.
Alex Scott, IHP Chief Executive Officer, commented:
"This initiative is part of the strategy Transact is
implementing to provide highly differentiated best-in-class
services to UK clients and their financial advisers.
Overall, I expect this service to contribute towards the growth
of our funds under direction, and the efficiency of our operations.
I believe that this new service will enable Transact to continue to
lead the UK advised platform sector."
Enquiries
Investors
Luke Carrivick, Head of Investor
Relations +44 020 7608 5463
Media
Lansons
Tony Langham +44 (0)79 7969 2287
Maddy Morgan Williams +44 (0)79 4736 4578
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END
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