If it is advisers who are reaping most of the benefits from using a platform, Henry Brennan asks, should it still be something clients are expected to pay for?
The volume of new investments being written on platforms has grown to the point where it has become the most common scenario for advisers. Given that the use of platforms is fast approaching a point where it will become as commonplace as any other aspect of an adviser's operations, should it be the investors who are still expected to pay for their use? Figures from The Platforum recently demonstrated the extent to which new adviser flows are being written on platform. Whereas nine months ago 69% of new business was written this way, by the end of August, it had risen to 80%. Assumptio...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes