Non-advised platforms growing assets by 71% a year

Non-advised platform assets under administration will grow at a compound annual growth rate of 71% between 2011 and 2014, according to figures from Deloitte.

The group, whose research on the introduction of rebate bans was published this morning alongside the FSA's latest platform paper, has created an indicative model of the retail investment market in order to make the calculations about AuA growth. The model's assumptions have been confirmed by market evidence from the likes of Barclays Stockbrokers and Hargreaves, Deloitte said. "Major players in the non-advised market have all showed rapid AuA growth in recent years (e.g. HL‟s total AuA has increased by 43% in 2010 relative to 2009, Barclays Stockbrokers has achieved 150% AuA growth d...