Advised platform inflows for the final quarter of last year at just £4.3bn were the worst since the start of 2016, according to statistics from The Lang Cat.
Analysis from the consultancy said the lacklustre sum compared to £9.7bn in Q4 2021 and £5.5bn in Q3 2022. It added that gross sales were also down - £15.6bn in 2022 Q4 versus £20.4bn in 2021 Q4. Total assets recovered slightly - up 3.8% in Q4 as the stock market made a "spirited comeback" but overall 2022 was not positive for platforms. The research found total advised platform assets in 2022 were -£34.9bn (-6%) down year-on-year. It added that annual net sales were down (-31.1%) year-on-year while gross flows also fared badly (-15.7%). The Lang Cat senior analyst Rich Mayor sa...
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