Adviser appetite for discretionary permissions waning - Nucleus

In-house portfolios remain most popular

Victoria McKeever
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Barry Neilson: "With so many advisers still building their own in-house model portfolios, it is important that they realise the administrative burden this can have if they operate these on an advisory basis."
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Barry Neilson: "With so many advisers still building their own in-house model portfolios, it is important that they realise the administrative burden this can have if they operate these on an advisory basis."

Adviser appetite for obtaining discretionary permissions is in decline, a survey by Nucleus has found, having fallen from a fifth to a tenth of intermediaries opting to go down this investment route.

In 2016, the wrap platform saw a fifth of advisers say they planned to hold discretionary permissions. This dropped to a tenth of intermediaries in 2018, while the percentage that already hold these...

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