Tag: investment platforms

In a market environment marked by growing complexity, evolving client needs and tighter margins, the ability to design investment portfolios that are both scalable and highly customised has never been more valuable. That was the central message from Rebecca Jacques, head of wealth management investment solutions at Mercer, as she addressed the insiders community during a panel session at The Inside Network’s Investment Leaders Forum.

As platform technology develops, the race to become the one dominant platform for Australian advisers is just heating up. In the US, it’s already well underway, with the number of advisers consolidating platforms rising more than 50 per cent in four years.

There are now an average of 120 clients per adviser in Australia – a number not seen since 2013. While the declining adviser cohort is a factor, so is the improved experience of advisers with technology according to researcher Investment Trends.

Investment platform provider Praemium explains that while there is an “increasingly positive” attitude towards financial advice, the needs of HNW investors are taking on a whole new identity.

After buying Powerwrap and shrugging off its own buyout offer from Netwealth, Praemium has joined the top tier of platform providers on the back its data and reporting capabilities.

Anthony Wamsteker reflects on the tie-up with rival platform Powerwrap, the rebuff of Netwealth, and Praemium’s plan to achieve double digit market share.