Half of larger advice firms plan to launch in-house white label platform

But 76% have no plans

Sophie King
clock • 1 min read

Half of adviser firms with more than £250m AUA plan to launch their own white label platform in the next three years, research by NextWealth has found.

The White Label Platforms Report, which surveyed 218 advisers, found a further 8% said plans are already underway and a 4% said they hoped to launch a customised platform within the next year. However, in the data assessing firms of all sizes, three quarters (76%) have no current plans to launch a fully customised platform. Some 78% of those looking after between £50m and £249m in client assets had no intention to go down the white label route and that figure rose to 84% for those with less than £50m assets under advice. The key drivers for platform change, the research found, was a d...

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