Advisers continue shift away from multiple platform use

Research finds 58% of advisers use two or three platforms

Jenna Brown
clock • 3 min read

More than half of advisers (59%) want to cut the number of platforms they use, according to research from Aviva.

The provider's research found that no advisers it spoke with were using more than five platforms, with most (70%) using two or three. Research from three years ago found 11% used more than five and 58% used two or three. Two-thirds (65%) of advisers told Aviva their firm had several platforms available and they could choose which one they used. Some 64% said they used one main platform. Aviva said these figures were in line with its 2020 research where the corresponding figures were 64% and 61%. It commented that these figures indicated that using fewer platforms was down to the pe...

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

Quilter tops table as most recommended adviser platform in 2024

Quilter tops table as most recommended adviser platform in 2024

Last year's top ten recommended adviser platforms

Jenna Brown
clock 22 January 2025 • 1 min read
Quilter platform delivers record quarterly net inflows of nearly £2bn

Quilter platform delivers record quarterly net inflows of nearly £2bn

Fourth quarter results from Quilter

Jenna Brown
clock 22 January 2025 • 1 min read
Fundment founder on £45m investment: We've 'done a fraction' of what we'll achieve

Fundment founder on £45m investment: We've 'done a fraction' of what we'll achieve

Huel investor backs fintech

Sahar Nazir
clock 21 January 2025 • 3 min read