PLATFORMS are set to play an increasingly important role for advisers looking to generate recurring income by changing their business model, according to research conducted by Skandia.
The survey of 222 advisers showed that although only 15pc of advisers currently have 60pc or more of their income recurring on a regular basis, many advisers plan to move in this direction. In total, 88pc said they were actively planning to increase the percentage of recurring income in the coming year. The survey also showed a clear link between advisers with high levels of recurring income and those making the most use of platforms. Of those with high recurring income streams, almost half (43pc) said they write at least half of their business via platforms. In addition, of the 88p...
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