Adviser assets on platforms soar in Q3

During the period, IFA platform assets under administration (AUA) rose from £71.4bn to £84.9bn. Three quarters of advisers surveyed also say their practice has improved ‘dramatically' since they adopted platforms with only 3% saying they were ‘disappointed' with the outcome. The figures also highlight the emergence of a "big three" - consisting of Skandia, Cofunds and FundsNetwork - dominating the market by some distance. Topping the asset table is Skandia which has £30.9bn AUA; a 16.6% increase from Q2 2009. In second spot is Cofunds, with £20.4bn AUA, marking a 24.4% rise duri...