Platform repricings an effort to drive portfolio consolidation - Platforum

Ascentric, James Hay and Nucleus have all made changes

Tom Ellis
clock • 2 min read

The repricing trend spreading through the platform market is an attempt to drive advisers' behaviour and encourage them to increase portfolio sizes, according to Platforum senior researcher Miranda Seath.

Ascentric, James Hay and Nucleus have all recently announced upcoming changes to their price structures but the alterations have tended not to make their services cheaper to typical clients.  Nucleus has lowered its charges for portfolios greater than £500,000 and James Hay for portfolios bigger than £1.5m, while Ascentric has kept its prices the same for portfolios above £1m but dropped its add-on trading and securities charges, which would represent lower costs for higher-value portfolios. An advised client typically uses between two and four investment platforms and Seath (pictured...

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

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read