Platform Transact is now accepting e-signatures from a wider range of electronic document providers with nearly all systems accepted.

The company said in a newsletter to users this week that the move is part of its “strong progress” towards digital transformation for the company.

The company says that 90% of its application submissions are now supported digitally. The company is accepting any provider, it adds, and not just the widely-used Docusign.

An e-signature is a signature created and signed using a stylus or mouse on a computer device with no need for pen and ink.

The firm said: “We continue to make strong progress on our digital transformation and now accept e-signatures for both adviser and client signatures. An e-signature is a signature created and signed using a stylus or mouse (on a computer device).

"We also accept any provider, not just DocuSign. This will help simplify and speed up on boarding and servicing clients. In June we retained our Digital Champion status with NextWealth which means over 90% of our application submissions are supported digitally.”

In other updates the firm made its second price reduction of the year on 1 July, reducing annual commission rates for respective charging bands from 0.27% to 0.26%.  The applies to new and existing portfolios and all accounts over £60,000 will benefit.

The firm has also simplified its anti-money laundering (AML) requirements for children and adults no longer need a certified birth certificate or passport when opening a minor’s portfolio.

The firm says that its restricted share class functionality is also proving popular for advisers who have secured access to these via discretionary investment managers or fund managers. Over 250 advisers and 5,000 clients have already opted to use this function, the firm said.