Alliance Trust Savings has today (7 October) added eight new fund providers to its platform.
In addition to the existing 2,000 funds from over 70 fund providers, it now has 80 funds from GAM, Royal London, Lindsell Train, River and Mercantile, Apollo, Brown Shipley, IFSL and Sinfonia.
Patrick Mill, managing director at Alliance Trust Savings, said that the additions were in response to adviser and client feedback.
The firm also noted increased inflows into investment funds this year, with £1.28bn invested in Oeics and unit trusts at the end of August, up 96 per cent from the previous year and now representing 21 per cent of the £6.2bn of assets held on the platform.
Mr Mill added that the rise in Oeic and unit trusts take-up “is beginning to change both advisers and clients’ perception that we are purely an investment trust platform”.
