Contents of FULL Reports
For AKG Platform Profile & Financial Strength Reports
The information currently included in each FULL Report in AKG's series of Platform Profile & Financial Strength Reports is structured as follows:
Index showing the list of companies covered, and the page number of each section in the report.
A broad overview of the background to the group of companies covered by the report.
Corporate Structure (simplified)
A diagrammatic representation of the relationship between the key companies in the group.
A summary of all of the AKG ratings shown elsewhere in the report. This comprises a Platform Financial Strength Rating together with Supporting Star Ratings (i.e. Service, Image and Strategy and Annual Review) for the brand. A symbol is shown where a particular rating is not relevant, or not provided.
Information on the main company:
For each report, detailed analysis is provided in respect of the company which is the platform provider within the group.
The ultimate owner of the company (or the majority owner if there is more than one owner). For UK registered companies, this information is disclosed in the company’s statutory accounts. For overseas owners, the country of domicile is also shown.
- Year Established
The year that the current corporate entity started operating, which is usually the year of incorporation.
- Head Office
The address and contact numbers of the Head Office (usually defined as the location of the company’s most senior management. Need not necessarily be the company’s registered office address.)
The URL of the brand's main website.
- Key Personnel
A short list of the senior individuals considered to be of most interest to readers, such as chief executive, business development director etc.
- Company Background
A broad overview of the general background of the company, including any significant historical changes such as predecessor companies, transfers/mergers, name changes etc.
Platform Financial Strength
A brief summary of the key factors that AKG feels are most pertinent to its assessment of the company’s Platform Financial Strength.
- Platform Financial Strength Rating
AKG’s assessment (on a scale of A, B+, B, B-, C, D) of the company’s Platform Financial Strength. See the ‘Guide to AKG Ratings’ for further details of the methodology used.
- Overview and Governance
An overview of the proposition offered, including reference to key elements affecting corporate governance, and brief details of any other entities involved.
- Ownership (Parent)
A brief explanation of the background of the company's ultimate owner.
- Technology Provider(s)
An overview of the technology services powering the platform.
- Wrapper Provider(s)
A list of the companies which provide wrappers, such as bonds and ISAs.
A list of the companies which provide custodian or nominee services.
Other elements of the proposition such as the providers of tools that sit as ingredients within it.
Key Financial Data
- Shareholder Funds
A table showing the make-up of shareholder funds in each of the last three accounting periods.
- Capital Resources
A table showing, if known, the available capital resources, capital resources requirement (CRR) and excess capital resources at the end of the last three accounting periods.
- CRR Coverage Ratio
A table showing, if known, the available capital resources expressed as a percentage of the capital resources requirement at the end of the last three accounting periods.
- Profit & Loss
A table analysing the company's profits in each of the last three accounting periods, showing, if known: turnover/revenue, expenses, profit/loss before tax, tax, profit/loss after tax, dividends, retained profit/loss and EBITDA.
- Financial Ratios
A table analysing several key financial ratios in each of the last three accounting periods, where available: operating margin, pre-tax profit margin, EBITDA margin, interest cover, current ratio and gearing.
- AKG Comments
Explanatory comments from AKG in respect of the tables and any other relevant financial information.
Further brand-related information:
An overview of the methods by which the organisation distributes its products and service.
- Key Relationships
A summary of any significant relationships, specific or general, in connection with the distribution of business.
- Image and Strategy
AKG’s views on how the brand is perceived in the marketplace and the current strategy adopted.
- Image and Strategy Star Rating
AKG’s assessment (on a scale of 1 to 5 stars) of the brand’s current performance in the area of its image and strategy. See the ‘Guide to AKG Ratings’ for further details of the methodology used.
An overview of the organisation’s approach to servicing business under the brand name.
- Service Star Rating
AKG’s assessment (on a scale of 1 to 5 stars) of the brand’s current performance in the area of customer service. See the ‘Guide to AKG Ratings’ for further details of the methodology used.
Assets under Administration
- Data Table
A table showing the change in assets under administration (AuA) in each of the last three accounting periods, together with the company's expense ratios (calculated as a percentage of mean AuA).
- AKG Comments
AKG's comments on the development of assets under administration.
AKG's comments on how the brand has performed during the year under review, particularly relative to its peers.
- Annual Review Star Rating
AKG’s assessment (on a scale of 1 to 5 stars) of the brand’s performance, relative to others in the market, during the year under review. See the ‘Guide to AKG Ratings’ for further details of the methodology used.