Start of platform consolidation likely: Deloitte

Only a handful able to achieve profitability

The investment management industry is ripe for M&A activity, according to Deloitte, including the beginnings of consolidation in the platform sector.

In a new report entitled 2016 Financial Services M&A Predictions, the firm said the investment management sector would face "huge transformation" over the next five years. This would be due to both the pace of regulation and the impact of digital technology. It highlighted areas such as D2C propositions, robo-advice and digital channels as technology disruptors for the industry. The report's authors also pointed to the beginnings of M&A activity in the platform market; although this had been previously dismissed as too complex by market participants. Although there are more than 25...