Uptick in adviser demand for fully digitised platforms

Research shows the largest platforms are the most digitally enabled

Sahar Nazir
clock • 2 min read

Nearly three-quarters (72%) of advisers want fully digital platforms, however, many remain unable to meet IFA’s demands, according to a study from NextWealth.

The study looked at 20 platform providers and 327 financial advisers as of 30 June 2023. The overall number of processes digitalised across 19 of the 20 platforms surveyed has risen by 3% from 2022 to 81% this year. Consulting director Emma Napier said: "The findings show the largest platforms by assets are among the most digitally enabled. "The largest seven platforms by assets are among the top ten for digitised processes. This challenges the view that larger firms are slow to change and will redeploy project teams accordingly." The study also suggested that despite the majority ...

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