The platform market will have just one-fifth (20%) of advised assets under administration on in-house technology once all current re-platforming projects are over - down from 55% now - according to data from the lang cat.
Four of the seven ‘re-platformers', who are the subject of an extensive survey by Professional Adviser, are bidding farewell to their own systems and heading for pastures new, with Old Mutual Wealth moving to FNZ, Alliance Trust Savings to GBST and Ascentric dropping its Blue Button technology in favour of Bravura Sonata. FundsNetwork is also leaving its proprietary technology for Bravura. Aviva is staying external - moving from Bravura to FNZ - while Cofunds is transitioning from IFDS to an upgraded version of new owner Aegon's ARC platform. The Bravura-powered Nucleus was also sent ...
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