Adviser concern on Macquarie platform demise

Macquarie announced today it will shut its wrap platform in the UK, along with adviser business transformation service Veracity. The platform will close down at the end of March, just two years after it was introduced to the UK market. A spokesperson for the firm says: "Due to a combination of execution challenges and difficult business conditions, [Macquarie] does not see a long term future for its wrap platform in the UK, or for the Veracity business. "Macquarie's businesses are built on superior service and execution, which have been important factors in our success elsewhere in...