Quilter, Nucleus and Transact will represent more than a third of the total advised platform assets by 2030, according to Fundscape’s latest Platform Leaders, Laggards, Leapfroggers and Lynchpins report.
The report is an annual review of every platform of meaningful size in the UK advised market and classifies them by direction of travel and expected assets by 2030.
Currently, the advice market is led by Nucleus at £110.3bn of assets, with Quilter just behind at £104.6bn and Transact at £77.2bn. In total, the top three platforms currently represent 37.4% of the advised platforms, with £780.7bn in assets.
However, according to Fundscape’s 2030 predictions, these numbers will be reshuffled. Platform assets will nearly double to £1.46trn, and Quilter will surge to the top spot, expected to represent 15% of the advised platforms’ assets alone.
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Nucleus will move down to second place, and Transact will keep hold of third, but its assets are expected to double.
However, Fundscape added it was Aviva, not Nucleus, that had joined Quilter and Transact as the three biggest leaders in the adviser platform space. The rest of the adviser space is made up of three leapfroggers, seven lynchpins and five laggards.
Bella Caridade-Ferreira, CEO of Fundscape, said: “The UK platform industry has stopped behaving like one industry.
“The leaders are running their own race, the laggards are running out of road, and the platforms in the middle are working out which way they need to go.”
