While nearly a third said that they will use two platforms to service their clients, platforms to service their clients.

Further, the study showed that 44% of intermediaries have signed up to at least one platform, 40% have still not chosen a platform and 16% do not intend to choose a platform.

Access deeper industry intelligence

Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.

Find out more

The reason cited by some of the advisors for not deciding on the platform to be chosen was that they were busy with their business; while some said that they are busy preparing for the RDR.

Adrian Nash, head of wealth propositions at Zurich, commented "RDR is clearly a big focus for many advisers, but platforms are an important part of making RDR implementation a success and platform providers should be providing support for advisers with this".

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData