Advice firms shift toward launching own white-label platform

Advice firms shift toward launching own white-label platforms


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.

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