The model portfolio service operated by Tatton Investment Management has been added to the 7IM and Embark platforms.
The model portfolio service is now available on 13 platforms in the UK.
Helen O’Neill, chief operating officer at Tatton, said: “When we started a number of platforms struggled with our ‘reliance on others’ model because of our data requirements.
"It is pleasing to see these obstacles are absent from many platforms like Embark and Seven Investment Management.
"We are pleased more platforms are putting tech development at the forefront of their offering since it is key to more investors being able to access discretionary fund management services."
The Embark platform has been in expansion mode, having acquired the advised client book of Alliance Trust Savings from Interactive Investor, and the Zurich platform in 2019.
The acquisitions mean Embark has £33bn of assets and 300,000 clients.
Shortly after the deals were completed, it was announced that US fund house Franklin Templeton had invested in Embark, and that its investment was used to fund the acquisition of the Zurich platform.
Following the completion of the acquisition, Embark chief executive Phil Smith told FTAdviser he didn’t think there were any other platforms he wanted to buy in the current market.
Tatton chief executive Phil Hogarth told FTAdviser in November that his firm was looking to acquire discretionary fund management companies, particularly those set up by advice firms that no longer wish to act as a DFM.
david.thorpe@ft.com
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