The number of advice firms planning to launch their own in-house platform has levelled-off, according to NextWealth’s latest report into the trend.

A third (34%) of advisers changed platforms in the last year following the Consumer Duty, mergers and technology updates, according to Defaqto’s newly-released annual Platform Service Review for 2024.

Gross and net flows for direct to consumer investment platforms continued their downward trend in 2023, hitting their lowest point in the fourth quarter of 2023, according to a new report.

Adviser platform Nucleus has signed a deal to acquire Third Financial, a provider of white label investment platforms and software.