The Platforum managing director Holly Mackay has predicted that platform assets will increase significantly in the six months after the RDR is implemented.
Mackay says that while total assets under administration continue to grow by between five and 10 per cent per quarter currently, after 2013 a larger number of advisers will place more assets on platform.
She says: “As advisers make the change to a new model, I think we will see greater growth in the platform market. There are still an awful lot of advisers out there yet to place investments on platform and while the amount of assets being placed on platforms is growing steadily, I think that growth will increase significantly in the first six months of 2013.”
Total on-platform assets are currently at around £170bn and Mackay predicts this figure will surpass £200bn by January 1, 2013.
Avalon director Harry Kerr says: “I see the assets on-platform continuing to grow at the same rate after the RDR as they are now. I do not think there will be a great acceleration just because the RDR deadline has passed.”