Ifas 'using multiple platforms'

07 September 2010 at 15:22

Ifas 'using multiple platforms' The majority of independent financial advisers (Ifas) are using multiple platforms, according to the latest research.

A study published by Defaqto shows that 54 per cent of Ifas use more than one platform, with 33 per cent using two platforms, 15 per cent use three and six per cent use four platforms.

Fraser Donaldson, insight analyst for funds at Defaqto, pointed out that regulators are keen on segmentation of clients and are matching products and services for them appropriately.

"It seems that advisers are already on the road to achieving this as our study shows that many advisers are using more than one platform," he explained.

Mr Donaldson added that only 23 per cent of respondents believed using only one platform might jeopardise an adviser's independent status, which he described as "surprising", suggesting that the majority of Ifas may therefore be at odds with the "current thinking" of the regulators.

Recent research published by the Association of Independent Financial Advisers, conducted by NMG's Ifa Census, found that 45 per cent of Ifas who use platforms have done so to enhance their client proposition.

Posted by Claire Robin ADNFCR-3006-ID-800055175-ADNFCR

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