Investment Solutions

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Investment Solutions

Features

Investment Solutions

Features

US leads platform consolidation trend, with Australian advisers set to follow

Selfwealth

Thursday, August 15, 2024

Thursday, August 15, 2024

As platform technology develops, the race to become the one dominant platform for Australian advisers is just heating up. In the US, it's already well underway, with the number of advisers consolidating platforms rising more than 50 per cent in four years.

As platform technology develops, the race to become the one dominant platform for Australian advisers is just heating up. In the US, it's already well underway, with the number of advisers consolidating platforms rising more than 50 per cent in four years.

The proportion of US advisers who have consolidated down to a single investment platform has more than doubled from 14 per cent to 30 per cent since 2020, indicating a long-term trend towards further consolidation according to Boston-based financial advice research outfit Cerulli Associates. Read the full article

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