Scottish Widows' Bold predicts adviser 'flight to trusted quality' in fragmented platform market

‘There will be potential platform consolidation’

Jenna Brown
clock • 6 min read

The fragmented platform market could see future consolidation as advisers take “flight to trusted quality", according to Scottish Widows’ Graeme Bold.

Bold, who has been managing director (MD), workplace and intermediary wealth at the provider for a year, said only "long-term investors and scaled players will sustain over time". Bold, who has more than 25 years' experience in financial services across various providers, including a long stint at Standard Life, said he did not come into the role with a "super-sexy strategy to build ‘XYZ'" but to deliver on things that advisers need to run their businesses. "I wanted to set a long-term strategy for the platform. I want it to be a long-term, stable, trusted partner for advisers who are...

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 functionality: Beware change for change's sake

Platform functionality: Beware change for change's sake

'It's all too easy to end up in the realm of bolt-ons and fripperies'

Steve Andrews
clock 26 June 2026 • 4 min read
Vanguard UK Platform Awards – Last day to vote

Vanguard UK Platform Awards – Last day to vote

Last chance to vote across several categories

Clive Waller
clock 26 June 2026 • 1 min read
Most advice firms only 'somewhat satisfied' with platforms' data

Most advice firms only 'somewhat satisfied' with platforms' data

According to NextWealth’s Data Openness Report 2026

Sophia Panayi
clock 18 June 2026 • 2 min read