AJ Bell to take on 6,000 customers from the Scottish Investment Trust Savings Scheme

AJ Bell has been selected by Scottish Investment Trust to take over the running of 6,750 ISA and Dealing Accounts from its Savings Scheme on behalf of 6,000 investors.
30 August 2017

The 6,000 investors, who hold around £183 million of assets, will be transferred free of charge to the AJ Bell Youinvest platform, with completion expected by the end of the year.

AJ Bell has been selected by Scottish Investment Trust because of its competitive charging structure and because it offers a more flexible and comprehensive platform for investors in the trust.

The Scottish Investment Trust is a self-managed trust, which manages an £850 million global portfolio of equities using its own innovative contrarian investment management style.

AJ Bell currently has 152,000 customers and £36 billion of assets under administration.

Andy Bell, Chief Executive of AJ Bell, comments:

“We are pleased to have been selected by Scottish Investment Trust and look forward to welcoming these customers to our platform. They will have access to a much wider range of investments should they wish to consolidate their other investments onto our platform, as well as a range of tools and apps to help them get the most out of their investments.”

James Will, Chairman of the Scottish Investment Trust, comments:

“The AJ Bell platform offers our investors all the benefits of a leading investment platform whilst enabling us to continue to communicate with our shareholders. We see platforms, like AJ Bell Youinvest, becoming an increasingly important source of new investors in the trust and look forward to working with them in the future.”

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