Fundscape's analysis of platform performance in the first quarter of 2019 should make for encouraging reading for AJ Bell, Aviva and Transact, writes Tom Ellis, but some of the chasing pack appears stagnant
The ever-present Transact, which has made its name through steadiness and consistency, has been creeping up the net flows leaderboard over the last few years. It was at the bottom end of the top 10 for net flows in 2015 before rising to seventh the next year, then fifth in 2017 and fourth in 2018. According to Fundscape's data, however, in the first three months of 2019 it pulled in £200m more in net flows than any other adviser platform business, adding around £900m to its books. The original ‘independent' platform has been a quiet, unassuming stalwart of the sector over the last couple...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
