Platform assets continue to fall despite 'resilient' adviser flows

Predicts tough second half

Continued market volatility has resulted in total platform assets dropping by 6.62% compared to the first quarter of the year, with advised also falling just over 6% in Q2, according to the lang cat’s latest quarterly Platform Market Scorecard.

Statistics from the consultancy showed sales across all channels were down by 5.3% on Q1 2022 to total £27.9bn. Net sales were down 21.2% compared to Q1, totalling £8.9bn. Outflows increased marginally to £18.9bn, it added. The lang cat said advised platforms "showed resilience in the face of the economic headwinds" with gross sales of £19.38bn, down 8.4% on the previous quarter, while net sales came in at £8.9bn, down 11.6%. Pridham Report: Blackrock and Fidelity continue to dominate in Q2 It said: "Though a large deal for Multrees paints a slightly better picture (and slightly sk...