The latest research from the Association of Investment Companies, the trade body for investment trusts and investment companies, has revealed that purchases of investment companies by advisers and wealth managers on adviser platforms surged to a record level of £745m in the first nine months of 2017.

Platform provider Transact will cut its charges as of 1 April as price competition in the platform market intensifies.

IntegraFin Holdings Ltd, the holding company of investment platform Transact, has appointed Patrick Snowball as non-executive chairman as the firm prepares for a stock market listing in 2018.

Transact has announced it has added Voyant software integration to the cash flow modelling integrations it already has in place.