More advisers use multiple platforms as 'digital-first shift' continues

Asked 661 advisers

Jenna Brown
clock • 2 min read

A third of advisers (31%) use three different platforms to manage client assets, Coredata research has found, up from 27% last year.

The survey of 661 advisers, conducted in June, also found 5% of advisers use seven platforms, up from 3% in 2020. Some 15% of respondents added they were looking to increase the number of platforms they use, up from 13% the previous year. The firm's annual platform study showed almost half of advisers (44%) are set to increase business on their main platform over the next 12 months and advisers are using platforms more frequently with 71% using them on a daily basis. Coredata said the "buoyant" platform sector had benefitted from the shift to digital-first advice models. Founder an...

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

Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read
Bravura returns to profitability in H1 amid business 'reset'

Bravura returns to profitability in H1 amid business 'reset'

Platform technology provider gross revenues up 7.4% in first half

Jenna Brown
clock 20 February 2024 • 1 min read
So far, so bleak: Incumbent platforms' miserable year

So far, so bleak: Incumbent platforms' miserable year

'There are firms that are trying to buck the trend'

Alex Cowan-Sanluis
clock 14 February 2024 • 4 min read