Purchases of investment companies on advised platforms have risen throughout the pandemic at a higher level than previously anticipated, research from Investment Week has found.
However, just two platforms are driving that growth and experts warn advisers need to be careful their preferred platforms are not "constraining their investment choice". According to estimates compiled by Matrix Financial Clarity, purchases of trusts on advised platforms reached a high of £383.7bn in the first quarter of 2021, up from £249.1m in the final quarter of 2019. While numbers have started to fall again, purchases per quarter still remain higher than pre-pandemic, with £279.3bn recorded in Q3. However, those numbers from Financial Clarity and ISS Market Intelligence use...
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