Platforum: advisers to consolidate business on two platforms

In guidance published last month, the regulator said that "in the current market, we expect it to be very rare, if possible at all, that a firm could use a single platform for all of the investment business of all of its clients and meet the standard for independent advice". A third (36%) of the more than 1,000 advisers interviewed told The Platforum that they were re-considering their use of a secondary platform, to sit alongside their primary platform. A primary platform is defined as the platform which holds the majority of an adviser's assets. Managing director Holly Mackay (pi...