Private equity interest in adviser platforms has continued to grow over the past year or so.
Recently Novia, James Hay and Parmenion have all been bought by private equity firms and according to analysis by the Lang Cat, the proportion of platform assets owned by private equity has gone up from 2 per cent in 2016 to 15 per cent in 2021. Meanwhile life companies, which have traditionally owned platforms, have fallen from 55 per cent to 17 per cent over the same time period.
So what does this mean for platforms and, by extension, advisers?
This week FTAdviser digital editor Damian Fantato discusses this issue with Dan Marsh, head of customer at Seccl, and Martin Jennings, chief executive of Parmenion.
The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.
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