Platforms

Seven Investment Management (7IM) has seen assets under management (AUM) pass the £5bn mark for the first time in the firm's eleven year history.

GOSLING'S GROUSE

Hargreaves Lansdown has ruled out the prospect of taking marketing fees from fund groups or allowing advertising on its website, saying it wants to offer a 'transparent' fee structure when new regulations are implemented next year.

The percentage of assets going into clean share classes on the Axa Elevate platform has reached 56%, having more than doubled since the start of the year.

Nucleus has placed the ownership structure of the wrap under review in light of adviser charging rules concerning potential conflicts of interest.

Graham Dow (pictured), Standard Life's head of investment group relationships who has been spearheading negotiations with fund groups over 'super clean' share classes, looks at the possible outcomes of the discounted deal debate.

Nucleus has announced plans to overhaul its pricing structure, cutting fees by 50% for clients with assets over £1m as it moves to entice more high net worth clients.

Nucleus Financial CEO David Ferguson has said he believes the wrap has hit "sustained profitability" after it posted record first-half profits.

The majority of advisers are preparing to carry out extra platform due diligence following the publication of the Financial Conduct Authority's (FCA) platform paper.

Hargreaves Lansdown is planning to secure "as good if not better" terms with fund groups on super clean share classes as Standard Life, after the latter announced it had secured preferential deals with 15 fund providers.