Number of advice firms launching platforms levels off

Adoption of platforms is ‘slowing but growing’

Sahar Nazir
clock • 1 min read

The number of advice firms launching their own platform has levelled-off, according to the latest report from NextWealth.

The Next Platform Shakeout report found that while 24% of firms with £250m in assets under advice (AUA) have their own platform, the projected market size (those with a platform and with plans to launch one) has not grown in the past two years. The share of financial advisers working in firms with £250m AUA that operate their own platform has remained steady at around one quarter over the past three years. The report said the share that plan to launch a platform "rose rapidly during Covid when the model first came to the fore". Managing director Heather Hopkins said: "Appetite has sin...

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