PA360 North: Advisers frustrated with lack of innovation on platforms

‘There was just no innovation coming. It was vanilla, beyond vanilla’

Ayesha Venkataraman
clock • 2 min read

The growth in propositions for proprietary software and adviser-run platforms has been a symptom of the frustration in the lack in innovation in the space, adviser delegates heard yesterday (5 October).

Speaking at a panel on the future of platforms at PA360 North, Parmenion chief commercial officer Mike Morrow talked about a suboptimal experience with FNZ Wealth platform in his last business. "The frustration was that there was just no innovation coming. It was vanilla, beyond vanilla. And the bits of innovation that were being asked for by the advisers were so diluted whenever you took that across the multiple waterfronts which a business like FNZ operate, that it just never got delivered," he said. Looking at the current landscape, he added: "I think what we're now seeing is this ...

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

Join

 

Already a Professional Adviser member?

Login

More on Platforms

Adviser platforms post best quarter of the year for net flows

Adviser platforms post best quarter of the year for net flows

Top five adviser platforms accounted for 129% of annual net flows

Isabel Baxter
clock 27 February 2025 • 2 min read
Nucleus updates platform to support advisers with pension calculations

Nucleus updates platform to support advisers with pension calculations

Aims to help advisers keep up to date with complex changes

Isabel Baxter
clock 14 February 2025 • 2 min read
Half of advisers worry a platform could fail in next three years

Half of advisers worry a platform could fail in next three years

Seek for reassurance about the platform market

Isabel Baxter
clock 06 December 2024 • 2 min read