Most advisers have used the same platform for more than five years

Nearly 40% last worked with a new platform more than five years ago

Isabel Baxter
clock • 1 min read

The majority of industry respondents last worked with a new platform more than five years ago, according to the recent PA Asks survey.

In December's PA Asks, 39% of respondents said that they last started working with a new platform more than five years ago, 21.4% said between one to three years ago, 21.4% said they have in the last 12 months, 14.3% said between three and five years, and 3.6% said they never have. One respondent who last worked with a new platform between one and three years ago said Pershing is their firm's main platform, but they have started using AJ Bell for low-cost retirement investment accounts. Another respondent shared that Transact was their choice of platform. In November last year, Fun...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform service improvement: Why the industry needs a collective voice

Platform service improvement: Why the industry needs a collective voice

'As long as transparency is voluntary, it will remain selective'

Steve Nelson
clock 06 January 2026 • 4 min read
7IM's Lancaster: 2026 the year the transformation 'rubber hits the road'

7IM's Lancaster: 2026 the year the transformation 'rubber hits the road'

MD updates on programme and developments

Jen Frost
clock 06 January 2026 • 5 min read
Platforms have claimed their place at the core of investing

Platforms have claimed their place at the core of investing

'Platforms have been firmly in the middle of this proliferation'

Mark Sanderson
clock 05 January 2026 • 4 min read