Research from The Platforum showed that as of in the middle of this year, there were 13.7 million investors in the UK, of whom two million leave everything to an adviser, 4.2 million entirely self-serve and 7.4 million dip in and out of advice. About three million clients have assets on an adviser platform. Of this, more than £50bn sit in model portfolios and this is growing as a proportion of assets extremely quickly.
Holly Mackay, is managing director of The Platforum who specialise in research and advice on investment platforms she has said recently that we are moving more and more towards “a world of tools, of tick lists and of process. How many times have I heard the words “robust repeatable processes”. Risk-profiling tools rule the roost and many fund managers grumble that the risk tail is wagging the investments dog.”
“The use of centralised investment propositions (Cips) is on the up. We have been tracking this with advisers for the past eight quarters. Over the past four quarters, advisers have told us they use model portfolios for 41 per cent of clients. Approximately half will run these models in-house and half will outsource. The widespread use of models is relatively new, facilitated by platforms which gave advisers the tools for bulk switching and rebalancing.”
If you want to talk through the best place for your investments our experienced IFA’s at Enable can help talk you through the options.
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