Transact

Transact is the name of the wrap service that allows advisers to manage their clients investment portfolios and financial plans online.

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Transact is the name of the wrap service that allows advisers to manage their clients investment portfolios and financial plans online. Since its launch in 2000, it has expanded its services on offer to include: full model portfolio capability online; capital gains reporting for multiple clients; links to discretionary fund managers; SIPP providers and other third parties, and VAT capability on adviser payments.

In September 2014 Transact logged a pre-tax profit of £17.8m, which was a 5% increase compared to the previous year. At the time they had £17.1bn in assets, which was a 20% increase to the previous year. As of December 2014 the company had approximately 7,000 advisers and 116,000 clients.

Transact is currently headed by Managing Director Ian Taylor.