Private equity will continue snapping up investment platforms - Cerulli

For the most part, private equity focus has been on buying mid-sized advised platforms, a trend Cerulli, which provides data for asset and wealth management firms, predicted will continue. According to the data firm's latest issue of The Cerulli Edge - Global Edition, PE ownership of platforms has increased from 2% of the market to 15% over the past five years. Convenient exit or client sacrifice? Private equity's £3bn march into advice and wealth management Cerulli said that opportunity for PE firms lies in consolidation. There is a high proportion of smaller firms that have decen...