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

Why investors should be getting revved up about Vietnam

Why investors should be getting revved up about Vietnam

From conflict to confidence

Gabriel Sacks
clock 04 September 2025 • 4 min read
Robeco issues investment advice scam warning as fraudsters pose as employees

Robeco issues investment advice scam warning as fraudsters pose as employees

Name and logo used in fraudulent activities

Jenna Brown
clock 02 September 2025 • 1 min read
Laith Khalaf: Trump makes (some) active funds great again

Laith Khalaf: Trump makes (some) active funds great again

42% of active managers have outperformed a passive alternative so far in 2025

Laith Khalaf
clock 02 September 2025 • 3 min read