Platforms Unpacked
NextWealth has published a Platforms Unpacked guide. It is supported by Aegon, Embark Group, P1 Platform and Third Financial. The report sets out to offer a practical guide to cut through the noise, critically examine the underlying assumptions, and share valuable experiences and lessons from fellow practitioners.
This is a dynamic market and a review of platform models is never a ‘one-and-done’ task. If platform providers are reviewed annually, we suggest that platform strategy should be formally reviewed at least every three years, but always with a watchful eye on market changes and developments.
Each platform model comes with its trade-offs and there is no right answer.
The current debate across the press and social media is often dominated by discussions of ‘this platform model is best for businesses like these…,’ often influenced by politics and personalities.
Methodology:
The findings in this guide are based on:
- Nineteen in-depth interviews with senior executives representing: four vertically-integrated financial advice firms; three consolidators; seven planning-led financial advice firms; three external compliance specialists, plus two independent industry consultants, conducted December 2024 and January 2025.
- Quantitative data analysis is based on an online survey of 340 financial advice professionals, conducted between June and August 2024.
You can download a copy of the report by completing the form.
