Small players beat supermarkets on service - Platforum

clock

Novia has been voted best platform by IFAs using the Platforum as the smaller players win the ratings battle.

Top of the platform consultancy's leaderboard is Novia, followed by Nucleus, Transact and Standard Life while larger players Fidelity, Cofunds and Skandia languish at the bottom of the table. According to the Platforum, Praemium, Novia and Nucleus grew at the fastest rate based on reported assets during a strong first quarter for the industry as a whole which saw total platform AUA increase 10.7%. The industry group's quarterly research indicates total platform assets stood at £101.6bn at the end of the quarter with every major platform - except Transact and Elevate - reporting a high...

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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Quilter reports platform net inflows of £1bn in first quarter

Quilter reports platform net inflows of £1bn in first quarter

Ongoing adviser charging review to start shortly after FCA talks

Jenna Brown
clock 24 April 2024 • 2 min read
Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read