Platforms have long been hailed as the next big thing for advisers. However, despite their huge success in markets such as Australia and South Africa, adviser response in the UK has been decidedly muted over the past few years. There are many reasons for this. Sometimes restrictions were placed on the funds advisers could invest in while other advisers pointed to a lack of transparency when it came to explaining fees etc. Advisers only tended to use old-style platforms to carry out transfers for things like ISAs and collectives so it seemed their use was limited. However, times have chang...
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