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

'Adviser platform space competitive'

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The anaylsts saw pricing pressures for adviser platforms, which is a much more competitive space than D2C and is not dominated by one provider.
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The anaylsts saw pricing pressures for adviser platforms, which is a much more competitive space than D2C and is not dominated by one provider.

In its inaugural piece of research on investment platforms, analysts at Liberum have identified Quilter and Hargreaves Lansdown as the best buy opportunities, while AJ Bell received a sell rating from the team.

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...

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