Adviser scolds Embark over three-month fund delay

‘Computer said no'

Sophie King
clock • 3 min read

An adviser has become increasingly frustrated with Embark after it took more than three months to add a fund to its platform without giving any reason for the hold-up and subsequently blamed technology provider FNZ for the delay.

The adviser, who preferred not to be named, told Professional Adviser that they requested a fund to be added to the platform in July, on behalf of a client who would be ready to invest money into it in October. Between July and October, the adviser said they were chasing Embark "at least fortnightly" for updates, only to be told by the platform that it had not had any update from the fund additions team. They were not given any reason as to why there was a delay. In October, the adviser made an official complaint to Embark arguing they would be expecting it to make up the financial lo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Poor platform service 'significantly' affects 54% of advisers

Poor platform service 'significantly' affects 54% of advisers

Exclusive: Down from 80% the previous year

Jenna Brown
clock 02 December 2025 • 2 min read
Mark Sanderson: Getting to the point of platforms

Mark Sanderson: Getting to the point of platforms

'Platforms are there to serve investors'

Mark Sanderson
clock 28 November 2025 • 4 min read
How is tech changing platform asset migration?

How is tech changing platform asset migration?

'Every transfer should be compliant, transparent, and in the client's best interest'

Tom Mullaly
clock 17 November 2025 • 4 min read