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Defaqto offers due diligence guide

Industry consultant Defaqto has published a guide to platforms which gives advisers six key areas to consider when conducting their due diligence.

The firm says that financial strength, cost and charges, range of tax wrappers, investment vehicles offered, ancillary services and standard of service offered should all be considered when choosing a platform.

The guide contains a list of tax wrappers, investment types available via 19 different platforms and a platform adoption checklist which gives a list of 31 questions Defaqto says advisers should be asking in their assessment of platform suitability.

The study says selecting a platform can involve a long and tough decision-making process as there are many different variations for IFAs to choose from.

According to Defaqto’s recent survey of 232 platform users, 69 per cent of advisers are placing over 50 per cent of their investment business via a platform.

Insight analyst for funds Fra-ser Donaldson says: “Although platforms can offer a number of benefits to users, there are many issues that need to be thought through to ensure that an adviser selects an appropriate platform for their business and, importantly, their clients.”

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Defaqto issues platform due diligence guide

Defaqto has published a guide to platforms which gives advisers six key areas to consider when conducting their due diligence. The firm says financial strength, cost and charges, range of tax wrappers, investment vehicles offered, ancillary services and standard of service offered should all be considered when choosing a platform. The guide contains a list […]

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