Profit before tax up 33%
In their inaugural piece of research on investment platforms, analysts at Liberum have identified Quilter and Hargreaves Lansdown as the best buy opportunities, while AJ Bell received a sell rating from the team.
Following year of 'substantial investment'
Newly created position
Combined £36bn AUA
On investments above £2m
Consultation paper published today
'Optimisation' plans to reduce costs
Who pays for platforms?
'Increasing range of platforms'
New reporting platform for third-party IFA and direct clients
OEICs, trusts and ETFs
Create platform with £35bn AUA
Including 'Leading Adviser' categories
Rise to come in next month
The Financial Conduct Authority (FCA) recently unveiled a package of 'remedies' to help improve competition in the investment platforms market, following on from recent work as part of its wider Asset Management Market Study.
7IM, Aegon and AJ Bell offer thoughts
'Not working as it should for some'
Could also set minimum standards
Platform study interim report