With the average cost to an IFA for moving clients between platforms at £1,000, it makes sense to get clients in the right proposition from the start, writes Terry Huddart, technical communications manager at Nucleus.
Platforms in the UK have now been around for more or less 11 years. In that time, they have utilised technology to both save IFAs time and ultimately enhance the client proposition. However, platforms have still not really moved beyond investment-related tools, products and services, with other parts of the financial needs spectrum remaining the preserve of more traditional providers. Yet there is no doubt that this is changing and I think that 2012 will be a pivotal year when we really start to see this happen. In terms of the product life cycle, platforms are still in their infan...
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