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 And when a platform is upgraded, our knowledge becomes increasingly out-of-date.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...

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 Wrap/platforms

Platform functionality: Beware change for change's sake

Platform functionality: Beware change for change's sake

'It's all too easy to end up in the realm of bolt-ons and fripperies'

Steve Andrews
clock 26 June 2026 • 4 min read
Vanguard UK Platform Awards – Last day to vote

Vanguard UK Platform Awards – Last day to vote

Last chance to vote across several categories

Clive Waller
clock 26 June 2026 • 1 min read
Most advice firms only 'somewhat satisfied' with platforms' data

Most advice firms only 'somewhat satisfied' with platforms' data

According to NextWealth’s Data Openness Report 2026

Sophia Panayi
clock 18 June 2026 • 2 min read