Financial advisers aged under 45 are spearheading tech adoption in the profession.This is what NextWealth reveals in its latest tech stack report update.Thirty-six per cent of younger advisers plan to add a new piece of technology. That’s more than double of the 15% average.
Advice firms shift toward launching own white-label platforms
By Jean-Baptiste Andrieux 25
th May 2021 10:00 am
Almost half of advice firms with £250m assets under management (AUM) plan to launch their own white-label platform in the next three years.
This is the main finding from a new report by NextWealth that reveals a substantial shift toward white-label platforms.
It surveyed 218 advisers in February 2021 and also organised a roundtable with 10 senior managers from large financial advice businesses and consolidators.
In addition to this, NextWealth sent a questionnaire to 28 platforms, with 24 of them providing answers.
NextWealth managing director Heather Hopkins said: “Our survey with advisers for the report reveals a shift could be on the horizon in the way that financial advisers structure their businesses.
Half of larger advice firms plan to launch in-house white label platform
But 76% have no plans
Heather Hopkins: “Our survey with advisers for the report reveals a shift could be on the horizon in the way that financial advisers structure their businesses.
Half of adviser firms with more than £250m AUA plan to launch their own white label platform in the next three years, research by NextWealth has found.
The White Label Platforms Report, which surveyed 218 advisers, found a further 8% said plans are already underway and a 4% said they hoped to launch a customised platform within the next year. However,.
Implement simple client survey to gauge ESG appetite professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.