Adviser appetite for obtaining discretionary permissions is in decline, a survey by Nucleus has found, having fallen from a fifth to a tenth of intermediaries opting to go down this investment route.
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...
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