Liberum awards Transact and Nucleus 'hold' ratings and marks AJ Bell a 'sell'

The analysts predict high structural growth in the sector to continue, expecting the multiple headwinds for the sector in the UK to be a "multi-decade trend". "Increasing private wealth, an ageing population and an increased need to start saving early in working lives should support growth across the wealth management and investment platform sector," Liberum said. However, the firm saw pricing pressures for adviser platforms, which is a much more competitive space than D2C and is not dominated by one provider. The greatest risks face the sub-scale adviser platforms, which are at risk ...