Platform due diligence: The good, the bad and the lazy

Where are the areas where we need to give due diligence a good hard stare?

clock • 4 min read

Terry Huddart shares his insight on picking the perfect adviser platform which he says needs both careful justification and documentation...

There are more reasons to justify your chosen platforms than you might think. It's the justifying bit that's important - it's about showing how you got there. While we see some great approaches to platform selection, we also think there's far too much ‘tick box' due diligence too. This is getting harder and harder to get away with. This is partly due to existing regulation around suitability, but also because of Consumer Duty and all that those rules involve. Not to mention the fact that it does a disservice to clients.  So what does good look like? What's not okay? And where are the...

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

Are platform model debates becoming too self-serving?

Are platform model debates becoming too self-serving?

Whoever said platform selection was easy?

Chris Williams
clock 10 September 2025 • 3 min read
FNZ launches adviser-focused AI tool as personalisation demand grows

FNZ launches adviser-focused AI tool as personalisation demand grows

Generative AI solution intended to cut admin time and help advisers meet Consumer Duty standards

Sahar Nazir
clock 19 August 2025 • 2 min read
Scottish Widows' Bold predicts adviser 'flight to trusted quality' in fragmented platform market

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

‘There will be potential platform consolidation’

Jenna Brown
clock 18 August 2025 • 6 min read