Advisers look at fund choice when selecting a platform - research

clock

Fund and tax wrapper choice is the prime factor advisers consider when selecting a platform, research suggests.

A survey carried out by Investec Specialist Bank, polling 100 advisers, found the overwhelming majority (88%) consider choice of funds and tax wrappers to be the number one factor when selecting a wrap platform for client investments. Also high on the selection criteria was value for money or value for fees charged, cited by 84% of respondents, and technical support and ease of administration (82%). But those platform credentials more readily associated with RDR-readiness - such as transparency and choice of investments - came lower down list of priorities. Just 79% cited a platfor...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read