Record number of firms purchase investment companies via advice platforms

£279m purchased in Q3

clock • 2 min read
Nick Britton is head of intermediary communications for the Association of Investment Companies
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Nick Britton is head of intermediary communications for the Association of Investment Companies

The number of wealth managers and advice firms purchasing investment companies hit a record high in Q3 last year, beating the previous record set in 2016, according to figures from Matrix Financial Clarity for the Association of Investment Companies.

The number of firms that bought investment companies via adviser platforms in the third quarter of 2021 was 2,157, up from 1,983 in the previous quarter. The previous record, from the third quarter...

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