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Makeover Of The Investment Platform Sector What to look out for as the $800bn investment platform sector feeds on itself By Tim Boreham, Editor, The New Criterion The head of investment platform Praemium ((PPS)), Michael Ohanessian, sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” But in this case, he’s referring to the need for the $800bn a year adviser ‘platform’ sector to grow and diversify at a time when the banks’ stampede from the wealth management sector is also creating opportunities. The ban...

Switzer Daily Michael Ohanessian, head of investment platform Praemium (PPS), sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” But in this case, he’s referring to the need for the $800 billion a year adviser ‘platform’ sector to grow and diversify at a time when the banks’ stampede from the wealth management sector is also creating opportunities. The banks’ exit has created what dubs as specialist platform providers – non-bank aligned providers that generally have more modern software and are genuin...