The advised platform market's total assets under administration fell by 12% in the first quarter of 2020 despite market volatility, which the lang cat said demonstrates the resilience of financial advisers and the platforms themselves.
The 12% drop in advised platform AUA has sunk the market total to £394bn - the first time it has dropped below the £400bn mark since Q4 2018. Over the same period, however, the FTSE 100 lost 25%. Gross flows across for D2C and advised platforms combined were 40% higher in the first quarter of 2020 compared to 2019 year-on-year. Net flows for D2C and adviser platforms combined rose by 28% over Q1. The lang cat principal Mark Polson (pictured) said the relatively strong performance of platforms compared to stock market falls was driven by three factors. "Firstly, ‘accidental' persist...
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