Adviser gross and net sales chart, Fundscape
Adviser platforms reported their strongest quarterly net sales figures in three years in the second quarter, according to new data.
Quilter, Aviva and Transact reported the highest net flows for advised platforms for the quarter, according to Fundscape’s platform report.
Quilter saw the highest net flows at £1,949m.
Aviva (£1,242m) and Transact (£1,219) remained in second and third with the gap between the two closing over the past two quarters. The three platforms have held spots in the top three for net flows since Q4 2024.
The 7IM platform took a spot in the top 5 for the first time with net flows of £549m.
The Quilter platform also took the top spot for adviser platform gross flows at £3,659m, followed by Nucleus (£2,737m) and Transact (£2,480m).
AJ Bell took the top spot for all-channel net sales, with strong D2C sales.
There had been fears that US President Trump’s tariffs would derail the tax-year-end but investors took volatility in their stride with ISA flows the highest since 2022 across all channels.
Bella Caridade-Ferreira, CEO of Fundscape, said the platform market could yet see the effects of US tariffs hitting sales figures.
She said: “Liberation Day already feels like distant history, with both markets and investors showing resilience. That said, the latest moves from the White House on Russia’s illegal war in Ukraine could yet upset the applecart. Trump’s ambiguity and tendency to flip sides are hardly helpful.
"The recent Ukraine summit, together with potential shifts in US energy and defence policy, are likely to influence sentiment in the short to medium term.
“Looking ahead, the prospect of two further interest rate cuts in 2025 has faded, with the next reduction now not expected until spring. The need for financial advice remains pressing, however, particularly in light of recent budget changes. Future budgets and the possibility of tax rises may have a dampening effect, but the long-term imperative to invest will prevail.
"The second half of the year should see healthy new business – albeit a little less spectacular than the first.”
