Gross net flows for pure adviser platform propositions plunged to an all-time low in the third quarter of 2023, Fundscape has revealed.
Latest performance data published by the research house today (15 November) showed adviser platform gross flows totalled £16bn and net flows plunged to an all-time low of £1.3bn. "Looking at pure adviser platform propositions, the numbers are just stark," Fundscape stated. True Potential came out on top again in Fundscape's Q3 analysis for retail advised channel platforms, recording net sales of £772m. It was once again followed by Aviva with net sales of £615m, Hubwise with £486m, Transact with £426m and AJ Bell with £400m. Broadening the figures out to include Q1 and Q2 sales, Tr...
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