Why advisers must say goodbye to zombie platforms

'Their days are definitely numbered'

clock • 3 min read

It is hard work for advisers to change platforms but that doesn't mean they shouldn't do it, writes Alistair Wilson

Advisers regularly say to me that investment platforms are commoditised and all do the same thing. But platforms are constantly evolving and there are fundamental differences between them. Leaving assets on so-called zombie or legacy platforms when a better solution is available for clients isn't an option. We all know what happens if we don't use a piece of technology regularly - we ultimately become less familiar with how to work it efficiently. And when a platform is upgraded, our knowledge becomes increasingly out-of-date. This can potentially lead to poor outcomes for clien...

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