Platforms disappoint advisers on service - Defaqto

Annual platform service survey

Victoria McKeever
clock • 2 min read

Platform providers are performing below advisers' expectations in six of 11 important areas, according to Defaqto's latest survey of the level of service on offer from the market.

The financial researcher's report said this included the three service categories ranked as most important by advisers - existing business administration, new business administration and online services and ebusiness. The report suggested service was only exceeding platform users' expectations in platform provider strength and brand, adviser charge administration and transition and implementation but added these were seen as the least important areas for advisers. Scale will come to dominate platform market - Platforum Defaqto's head of insight and consulting for wealth and protect...

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 Investment

SEI to launch two LTAFs in private markets 'expansion'

SEI to launch two LTAFs in private markets 'expansion'

‘Mansion House ambition’

Cristian Angeloni
clock 03 July 2026 • 1 min read
Darius McDermott: Building a resilient portfolio in a concentrated market

Darius McDermott: Building a resilient portfolio in a concentrated market

'A well-balanced portfolio should also take in the broadest possible range of growth opportunities'

Darius McDermott
clock 01 July 2026 • 5 min read
Fahad Hassan: Progress on many fronts

Fahad Hassan: Progress on many fronts

'Financial markets are increasingly pricing in a more benign inflation environment ahead'

Fahad Hassan
clock 01 July 2026 • 5 min read