Provider Aviva's platform is on course to achieve profitability in 2016 and its target of £6bn in assets under management (AUM) by the end of this year, after its AUM has doubled in the last 12 months.
The platform said it has "reached a milestone" as its AUM doubled to £4bn and is attracting new assets "twice as fast" as a year ago. It announced reaching a £3bn "milestone" in February and said it anticipated achieving profitability by the start of 2016. It now has 5,000 registered advice firms, which the provider's platforms chief executive, Tim Orton, puts down to its "straightforward proposition, easy to use and easy to serve" and its focus on "helping advisers integrate their own back office systems". Aviva has plans to start its conversions to clean share classes in the comi...
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