The lang cat has conducted a platform due diligence exercise through its new fictional advice firm 'The Long Dog' and offered its five due diligence observations that have resulted.
The consultancy said the exercise was designed "to give advisers an exclusive insight into how a platform panel might be appointed by client segment" and showed the increasing difficulties of suitably using one platform for all clients. Its analysis was based on 150 proposition and seven financial performance factors, which produced a shortlist, a semi-final and then an overall winner. The analysis focused on The Long Dog's 40 imaginary clients with a £350,000 average model portfolio rebalancing on a quarterly basis, all but one with a moderate to high weighting in a pension wrapper, and...
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