Just when financial professionals thought lack of sunscreen was their biggest worry, the world’s stockmarkets have been thrown into turmoil. Economic woes in China, fragility in the US and uncertainty in Europe may well drive investors out of funds, which spells bad news for the investment industry.
But despite these woes, we are confident on the future for the adviser platform market and optimistic for double-digit growth for the year. After all, Q1 was strong, with assets under administration up 8 per cent. In our Q2 report, released this week, we highlight the fact the adviser platform market grew by 1 per cent. A more modest figure perhaps but heading in the right direction nonetheless.
Read more on our views on consolidation of the investment platform market in our article on Money Marketing.