Platforms: why one size does not fit all

The first stage of the implementation of the Retail Distribution Review (RDR) is now complete and advisers and product providers have taken the first steps along an ever extending road. Much of the change to date has focused on advisers’ business structures and how they can interact more profitably with their clients. At the beginning of the RDR journey, many advisers believed the panacea would be to use a wrap platform. They thought it would solve a lot of their administration issues. After all, their clients’ money could be custodied in one place, the wrap would help them with th...