FundsNetwork is hoping to double its sales team from six to twelve in 2006 to meet increased service demand from IFAs.
The platform says sales have grown 43 per cent in 2005 with over 7500 advisers and 300,000 clients now signed up. Research last year showed that over 83 per cent of advisers are now using platforms and 11 per cent more intended to do so.
Next year FundsNetwork plans to launch an offshore investment bond and cash product, and will also be making further changes to its portfolio planner tool. The platform now has 5.6bn of UK assets under custody.