Blog: Platforms - are we stuck in a rut?

According to the Platforum, this ‘illness’ is responsible for a paltry increase of 3.26% in platform assets under administration (AUA) for Q1. The consultancy’s research found AUA only rose from £146.29bn to £151.58bn over the period, with smaller wrap operations reaping the rewards while larger players stagnated. However, despite impressive gains in percentage terms for outfits like Wealthtime, the truth is the bulk of platform money lies with the big three – and for them growth was largely static. FundsNetwork’s AUA was up 3.13% to £36.2bn, Cofunds posted a 1.81% rise to £30.9bn ...