Large, vertically-integrated investment advisers and private equity-backed (PE) acquirers are the most likely to build and run their own platform within three years, according to NextWealth’s latest platform report.
The Great Platform Shakeout Report, published today (19 January), also found that existing third-party platform providers are responding by developing modern digital propositions to support what NextWealth calls 'Whitelabel+' and additional bolt-on services, dubbed 'Platform+'. Managing director Heather Hopkins said: "Competition is fierce among platforms at the moment. Incumbent players are being pressured to modernise and evolve their propositions to suit a pressing need for flexibility and digitisation. Particular pressure is being felt from the adviser segment we've labelled investme...
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