Tough 2022 economy saw just four platforms book asset increases

The platforms were True Potential, Hubwise, Multrees, and Morningstar Wealth Platform. The numbers reflect what was a very a difficult year for the industry against a backdrop of high inflation, rate rises and the war in Ukraine. A fourth quarter recovery in asset values, aided by a stock market rise, was not enough to move more platforms into positive territory at the end of a tough calendar year, The Lang Cat said. Since 2021, the consultancy's data has shown the advised platform market running quarterly outflows of around £10-11bn. The firm said that is in large part due to reti...