This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+271114+Cover+Small

Skandia tops The Platforum Q4 leaderboard

  • Print
  • Comment

Skandia has finished top of The Platforum leaderboard for the fourth quarter of 2011, finishing ahead of Nucleus in second and Cofunds in third.

The Platforum examines platforms’ performance in terms of financial strength, momentum and price on a quarterly basis and includes reviews of around 1,700 advisers.

The top five platforms in the leaderboard were made up by Standard Life in fourth place and Axa Elevate in fifth.

Nucleus was awarded The Platforum Adviser’s choice award for being the most consistently highly rated by advisers, while also being rated the best for functionality. Novia ranked first in service.

The study showed that total platform assets under administration grew by 5 per cent to £176.4bn in the fourth quarter, compared to £168bn in the third quarter.

Skandia saw a 2.8 per cent increase in its AUA from £37bn in Q3 to £38.1bn in Q4 while Cofunds saw an increase of 7 per cent from £33.4bn to £35.8bn.

Nucleus and Elevate both saw increases in their AUA between from Q3 to Q4, Nucleus rising 10 per cent from £3bn to £3.3bn and Elevate’s AUA growing 11 per cent from £3.1bn to £3.5bn.

Standard Life’s AUA increased 6.8 per cent from £10.58bn to £11.30bn.

The Platforum managing director Holly Mackay (pictured) says: “Skandia scored consistently well across the board. User feedback was positive and recent web developments have been well received. Nucleus came second, they have happy advisers, a solid financial strength rating and reasonable pricing.”

The best performing platforms were presented with their awards at the re-launch of The Platforum’s  platform analysis tool, PAT, last night.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth

The Budget: What do people really know?


Fund Data

Editor's Pick



Poll

Are you happy with the outcome on the Budget guidance adviser levy?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments