/Platforms

State of the Platform Nation 2023/24

The authority on platform performance, segmentation, analysis, pricing and strategy.

It’s that time again – now in its twelfth (!) iteration, our State of the Platform Nation report is released upon an unsuspecting…um…nation.

WHAT IS IT?

State of the Platform Nation (SOTPN) is our annual go-to guide to (and deep dive into) the UK platform market. Insight and analysis is based on platform data for 2023, but also draws on our latest State of the Advice Nation research as well as data from Analyser, our research and due diligence system. It’s probably the report that we are best known for.

WHAT’S IN THIS EDITION?

  • Our insight team’s take on platform market trends and performance
  • Analysis of sector trends such as scale, vertical integration and the treatment of platform cash
  • Provider ratings
  • Our predictions for how the platform market will (and won’t) evolve
  • Platforms on a page
  • And of course, all the pricing analysis you could ever ask for – complete with our famous heatmaps.

Want to hear more? Watch Mark and Rich chatting about this year’s report in the video below:

HOW CAN I GET IT?

Well, if you watched the video above you may already know the answer to this question, but for those of you who have skipped to the end of the page:

The guide is exclusively available to subscribers to our Analyser service; the only way you can access it if you’re an advice professional is by signing up.

A year’s subscription to Analyser costs £300 plus VAT which you can pay monthly or annually. Here’s what your money buys you:

  • A proven deep-dive screening process to create bespoke due diligence reports setting out the rationale behind your chosen platforms, with a built-in audit trail to boot.
  • The ability to run one-off interactive pricing and features comparisons between platforms, based on specific must-haves or great-to-haves… all done in seconds.
  • Run comparisons for MPS ranges, comparing performance and pricing among other factors.
  • Ad hoc research to help you keep up with the key issues of the day.
  • Staying informed about what’s happening in your industry through our market insight, reports, briefings, articles and other useful content, all in one place.
  • Access to our regulatory Tracker – a single reference point for all you need to know in regulation and legislation.

The whole idea is to give you a one-stop shop for everything you need to keep up to date on the market, as well as a powerful software suitability and pricing tool.

NOTE: If you’re a provider, a wealth manager, a consultancy, or anyone other than a small to medium adviser firm, this won’t work for you. Get in touch and we’ll talk. Your organisation may in fact already have access to our stuff.

/ Additional reports

Q4 platform market scorecard

Our in-depth market analysis of inflows, outflows, developments, regulation and thematic deep dives every quarter.

State of the advice nation

State of the Advice Nation is the UK’s best insight into the UK advice profession, taking a sentiment-led approach to data. Wave 6 is now available.

Impact of poor service

/ White papers

The Impact of Poor Service

We provided the research for a report, in conjunction with Parmenion, which reveals how far short of expectations many adviser platforms are falling. The research found that over the last 12 months, 88% of advisers needed to apologise to at least one of their clients on behalf of a platform, and that poor service delivery from platforms impacts 91% of advisers every day.

Impact of poor service

/ White papers

The Impact of Poor Platform Service

We provided the research for a report, in conjunction with Parmenion, which reveals how far short of expectations many adviser platforms are falling. The research found that over the last 12 months, 88% of advisers needed to apologise to at least one of their clients on behalf of a platform, and that poor service delivery from platforms impacts 91% of advisers every day.

/ White papers

Answering the Call

Service means a lot of things to a lot of different people. It’s so subjective it can be hard to put your finger on. This paper aims to challenge the status quo and inertia that’s built up in the sector for many years.