It is little wonder many advisers are suffering from platform fatigue.
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 ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
