Embark Group today announces the successful migration of over £7 billion of advised assets onto the Embark platform from the client books of Alliance Trust Savings (ATS), including those from the market-leading trading service provider Stocktrade, which it acquired in October 2019.
Embark platform will now host the savings and investments of over 41,000 additional clients and 30,000 accounts, having delivered on its migration plans set out at the time of acquisition. Over 100 ATS employees have also joined the Embark team as part of the move.
Customers who formerly used ATS services will benefit from Embark platform’s market-leading, reliable and easy-to-use technology, provided by FNZ. They will see improved user interfaces as Embark continues to develop its digital-first customer experience to remain at the forefront of the investment platform industry.
Peter Docherty, Chief Executive, Embark platform, commented: “This latest successful migration is a testament to the digital capabilities, infrastructure and experience of our team. We believe that this is a really positive development for ATS customers who have come onto our platform, as our ongoing investment in our digital capabilities will ensure that our solution remains at the forefront of the industry. It’s also really exciting to be joined by our former colleagues from ATS, they will provide valuable continuity and help us drive forward our service and propostion for customers.”
For further information, please contact:
The Agency Partnership (Embark Media Relations)
Tel: 07880 602902
About Embark Group
Embark Group is a full-scale UK retirement solutions provider, active in the areas of Investment Platform, SIPP, SSAS, Multi-Asset Funds, Fund Research and Employee Benefits Consulting. The Group trades under the brands Embark, Rowanmoor, Vested and The Adviser Centre. It also operates a wide portfolio of white label services for business such as RBS Coutts, Standard Life, Nutmeg, BestInvest, Charles Stanley, Moneyfarm and Wealthsimple. Businesses within the Embark Group have been established in the market for more than 40 years and have a long history of working closely with intermediary distribution partners and consumers of all levels of affluence.
The Group has more than £38bn in assets under administration on behalf of c415,000 consumer clients, operating across eight UK locations (London, Bolton, Dundee, Edinburgh, Leeds, Leicester, Salisbury and Swindon). Embark has been recognised as one of the most innovative Wealth Tech companies in 2019 and 2020.
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