Chris Bredin: How platforms are innovating

Five innovations

clock • 4 min read

By his own admission, most of Chris Bredin's articles in the past year have focused on negative aspects of the platform sector and so, having been back in the office for a couple of weeks, he has written about five 'cool' or genuinely helpful developments the market made in 2019...

Last year saw a fair number of pricing reductions, starting in January with AJ Bell removing its bulk dealing charges for model portfolios. It might seem a small reduction, but if you consider firms running advisory models and regularly rebalancing, even at £1 per trade, costs add up quickly.  Seven IM shaved a very small amount from its charges and Transact announced its now customary annual price reduction, shaving 1 or 2bps off its pricing tiers. But the gong must go to Standard Life Aberdeen, which cut prices across Elevate and Wrap. Prices were cut by as much as 11bps on Elevate ...

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 Investment

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Chancellor unveils 50% relief

Cristian Angeloni
clock 30 October 2024 • 1 min read
Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read