Majority of new business expected to be in clean share classes within 12 months

clock

The majority of adviser firms anticipate placing more than 75% of new assets in clean share classes, according research carried out by AXA Wealth.

Approximately 52% of the 300 advisers surveyed as part of Axa Wealth's quarterly adviser survey said they anticipate more than 75% of new platform business going into clean share class funds during the next 12 months. A further 20% predict that the level of new assets going into clean share classes will be above 50%. Axa Elevate managing director David Thompson said: "Advisers have embraced the control that clean share classes provide over their clients assets. "Together with the introduction of the RDR, HMRC's decision to tax fund manager rebates and the FCA's platform paper rules...

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

Platform innovation: Terry Huddart on Platform One's execution only portal

Platform innovation: Terry Huddart on Platform One's execution only portal

'It's continuing to garner a good reputation in terms of its UX'

Terry Huddart
clock 21 May 2025 • 6 min read
Hargreaves Lansdown and Moneyfarm top the tables in D2C platform market

Hargreaves Lansdown and Moneyfarm top the tables in D2C platform market

Industry assets grew by £2.7bn

Isabel Baxter
clock 12 May 2025 • 2 min read
AJ Bell platform hits record AUM as inflows rise 19%

AJ Bell platform hits record AUM as inflows rise 19%

13% rise over the past year and a 1% increase in the quarter

Linus Uhlig
clock 24 April 2025 • 2 min read