Nucleus Advisers Publish Due Diligence Guide
Posted on:
07
Jul
2011
by Huw Thomas
The group of IFAs behind adviser-owned wrap Nucleus have released a guide to platform due diligence.
The guide, titled Questions advisers should ask platforms today, has been created to help prepare advisers for the Retail Distribution Review, whether they are considering initial platform adoption or retaining an existing platform.
The guide identifies a number of key issues, such as financial sustainability of the platform business, charging structures and fund manager rebates, and advisers’ ability to assess the whole of the market. It also looks at the challenges of re-registration and incorporation of legacy products and questions if a single platform is suitable for customers and different life stages.
“With the RDR creeping ever closer, platform due diligence has never been more important than it is today,” said chairman of the Nucleus IFA Board and director of IFA firm Central Investments. “With a range of options on the market, all with different long-term strategies and ownership structures, it is vital that advisers looking to adopt or retain a platform know what questions they should be asking and, most importantly, why.
“The guide we have put together is based on our own experiences and knowledge as IFAs and is something we hope will help other advisers make the right decisions for them and their clients.”
