Platforms may struggle into 2024, says Fundscape CEO
As the research house finds only four platforms grew their assets in 2022
Platforms
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Assetco targets US distribution and beyond
Asset manager has partnered with Investcloud to take it products and strategies global
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‘Extremely difficult’ DIY platforms ‘refuse to deal’ with advisers
As do-it-yourself investment accounts hit all time high of nearly 10 million
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Exo Investing to shutter its UK operations
Six months after Abrdn pulled out of buying the platform, instead opting to invest in parent company Nucoro
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Peel Hunt and Hargreaves enter platform partnership
Rex, to be rebranded as Retailbook, enables retail investors to carry out capital market transactions
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D2C platforms pick up after tough year
Though total assets were down 9% on Q4 2021
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M&G teams up with Moneyfarm to launch investment app
To target a ‘new generation of savers’
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II rolls out subscription service for investors with less than £30k
Customers using its ‘Essentials’ package will pay £4.99 a month
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Receding inflows slow Quilter’s recovery
AUMA grew 3% in Q4 2022 but was down significantly from the start of the year
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Hargreaves launches online voting service
Amid growing numbers of investors making sure their voices are being heard
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Market bounce boosts Transact funds under direction
FUD was up 4% for the quarter but remains below the £54.5bn recorded a year ago
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Fidelity platform freezes Jupiter Mid Cap fund access
The struggling strategy is down nearly 40% over the last 12 months
