So far, so bleak: Incumbent platforms' miserable year

'There are firms that are trying to buck the trend'

clock • 4 min read

As traditional scale platforms remain static, advice professionals are changing and evolving, writes Alex Cowan-Sanluis. Is time running out for the old guard?

The cost of living crisis has been tough for economies and markets the world over, but the bulk of adviser platforms have had a particularly rough ride of it over the past 18 months or so. The latest market figures from The Lang Cat and Fundscape paint a pretty grim landscape for adviser platforms. Looking at the sector as a whole, outflows remain high, inflows continue to fall. The overall happiness of the sector can be seen through the graph from The Lang Cat below. A combination of the cost of living crisis, depressed markets, and continued activity from consolidator firms has seen...

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