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.''

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