'Re:Platforming' - Why are half the market's advised assets in transition?

Part one of a new series

Tom Ellis
clock • 5 min read

In the first of a new series analysing the trend for 're-platforming', Tom Ellis assesses why half the market's assets under administration (AUA) are either changing tech provider or undergoing major upgrades.

To better understand why more than £220bn of assets on adviser platforms are 'in transition' - and what that means for advisers and their clients - Professional Adviser, with the assistance of the lang cat, sent a survey of 70 questions to all seven of those currently undergoing re-platforming projects: Aegon, Alliance Trust Savings, Ascentric, Aviva, Cofunds, FundsNetwork and Old Mutual Wealth. These seven platforms have a combined £226bn AUA, representing almost half the total £460bn AUA across the whole platform sector, and are all undertaking "huge IT, asset and data migration projec...

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