Asset managers: Platform usage set to surge

The study, which polled 40 global fund management groups with combined AUM of over $2trn, suggests while the majority of asset managers already see platforms as an important distribution channel, 79% believe their businesses will ramp up platform usage over the coming years. "As a method of transacting business, platforms and other open architecture solutions are rapidly becoming the primary method of distribution with nearly half of respondents already transacting 50% or more of their retail business in this way," says chief sales and marketing officer Rob Williams. "The signs are t...