Adviser appetite for discretionary permissions waning - Nucleus

In 2016, the wrap platform saw a fifth of advisers say they planned to hold discretionary permissions. This dropped to a tenth of intermediaries in 2018, while the percentage that already hold these permissions remained constant at 8%. Nucleus surveyed about 200 advisers in its 2018 survey. For the platform's users, meanwhile, it found in-house model portfolios continued to gather the largest proportion of client investments. In 2018, nearly half (45%) of its users with in-house model portfolios said they expected to allocate four-fifths (80%) of client monies into this solution...