How to spot a stable platform

PLATFORMS

How do you ensure the platform you choose is not going to fail. Maria Merricks reports.

For client and adviser alike there are many benefits to holding assets on a platform. Clients can view portfolios online in real time, as well as gain access to a wide range of products to ensure their attitude to risk and growth are met as fully as possible. Meanwhile, advisers will derive recurring fee income and benefit from streamlined internal processes that allow them to advise rather than administer and build closer relationships with clients. As more advisers turn to wraps, so too do discretionary fund managers: an association with platform presents a perfect opportunity to targe...