Adviser appetite for discretionary permissions waning - Nucleus

In-house portfolios remain most popular

Victoria McKeever
clock • 2 min read

Adviser appetite for obtaining discretionary permissions is in decline, a survey by Nucleus has found, having fallen from a fifth to a tenth of intermediaries opting to go down this investment route.

In 2016, the wrap platform saw a fifth of advisers say they planned to hold discretionary permissions. This dropped to a tenth of intermediaries in 2018, while the percentage that already hold these permissions remained constant at 8%. Nucleus surveyed about 200 advisers in its 2018 survey. For the platform's users, meanwhile, it found in-house model portfolios continued to gather the largest proportion of client investments. In 2018, nearly half (45%) of its users with in-house model portfolios said they expected to allocate four-fifths (80%) of client monies into this solution...

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

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read