Platforms are stepping up their white-label investment offerings to advisory firms as an increasing number of orphaned clients presents a growing challenge in the run-up to the 2016 legacy commission ban.
Advisers and platforms alike have been grappling with the difficulties of shifting legacy platform clients from a commission to a fee-based charging structure. In particular, the industry must find a way to accommodate clients who balk at paying an ongoing charge. With the sunset clause for existing business arrangements set to expire in 2016, the idea of providing advisers with a white labelled, self-directed service has been gaining strength - as has appetite for these capabilities. Cofunds, which allows advisers to use their own branding on portals accessing its self-directed pl...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
