Adviser appetite for discretionary permissions waning - Nucleus

In-house portfolios remain most popular

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Barry Neilson of Nucleus
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Barry Neilson of Nucleus

Adviser appetite for obtaining discretionary permissions is in decline, a survey by Nucleus has found, having fallen from a fifth to a tenth of intermediaries opting to go down this investment route.

In 2016, the wrap platform saw a fifth of advisers say they planned to hold discretionary permissions. This dropped to a tenth of intermediaries in 2018, while the percentage that already hold these...

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