Advisers put speed first when selecting platforms - research

clock •

Financial advisers are prioritising the speed of doing new business with platforms as the most important factor when selecting a provider, research suggests.

According to Defaqto's Review of Platform Service report, the next most important aspects are integrity and staff competence. The firm surveyed 345 advisers in January, and found that client segmentation and brand strength were the least important considerations. In 2011, 'ease of doing business' was flagged up as the most important aspect and, according to Defaqto's Insight Analyst for Funds Fraser Donaldson, the changing priorities reflect the creeping Retail Distribution Review (RDR) deadline. He said: "Most advisers will want to have their clients in place on the most suitable ...

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

Alex Cowan-Sanluis: Platforms are hiding in the bell curve

Alex Cowan-Sanluis: Platforms are hiding in the bell curve

The bell curve of client banks

Alex Cowan-Sanluis
clock 07 September 2026 • 4 min read
Vanguard UK Platform Awards: The full shortlists revealed

Vanguard UK Platform Awards: The full shortlists revealed

VUKPA 2026 finalists

Professional Adviser
clock 27 July 2026 • 2 min read
AJ Bell platform AUA up 12% in Q3 to £121.5bn

AJ Bell platform AUA up 12% in Q3 to £121.5bn

Up 26% over the last year

Jenna Brown
clock 23 July 2026 • 2 min read