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RCS - IntegraFin Holdings - Transact – Blackrock Model Portfolio Service (MPS)

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RNS Number : 0463A  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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