Tom Ellis: The platform market is all acquisition but no consolidation

Growing market

Tom Ellis
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Tom Ellis: "The acquisition merry-go-round spins in perpetuity, but the long-predicted consolidation in the adviser platform market continues to elude and evade."
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Tom Ellis: "The acquisition merry-go-round spins in perpetuity, but the long-predicted consolidation in the adviser platform market continues to elude and evade."

While the adviser platform acquisition carousel proves to spin on in perpetuity, writes Tom Ellis, the lack of real consolidation in the sector is notable

James Hay's parent IFG was recently acquired by a private equity group for £206m. While it may be an acquisition that has gone under the radar, it is the most recent platform deal since Interactive Investors'...

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