Nucleus and Standard Life revealed as IFAs' primary platforms

clock

IFAs favour Nucleus and Standard Life as their main platforms of choice, research from the Platforum suggests.

According to the consultancy's Adviser Platform Guide, IFA-owned Nucleus and Standard Life are the two platforms most likely to be used by advisers as their primary platform in terms of percentage of assets under advice. Cofunds and Fidelity FundsNetwork were the most likely to be the secondary platforms, according to the research. The Platforum managing director Holly Mackay (pictured) said the fact more adviser firms are opting for a dual-platform strategy is an "interesting dynamic" helping platforms better understand the relationship they have with their users. "It should not b...

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