Investment platform users rise to all-time high in Q1

Customer numbers rise an average 3.1% across all providers

DIY investment platforms and robo advisers saw account numbers soar to an all-time high during Q1, amid growing investor appetite and despite the coronavirus stockmarket crash, according to analysis from Boring Money.

Assets held by the UK's DIY and robo platforms fell 13.4% in Q1, the research firm said, but that was largely attributed to the sharp falls in global stockmarkets rather than a loss of appetite from investors. In fact, customer numbers on average rose 3.1% across all providers. Passive providers and global brands top investor value survey Holly Mackay, managing director at Boring Money, said: "Although it is too soon to have a fuller picture of what Q2 numbers will look like, we know that investor appetite remains high. We anticipate customer numbers will continue to grow. "Plat...