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Direct to consumer platform sales continue to fall

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.

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Nucleus buys white label platform firm

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

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Parmenion adds MPS ranges from 3 asset managers

Adviser platform Parmenion has added model portfolio ranges from Hymans Robertson Investment Services (HRIS), Pacific Asset Management (PAM) and Albemarle Street Partners (ASPIM).

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Adviser platform net flows halve in Q4

Net adviser platform flows fell to £655m in the fourth quarter of 2023, their lowest total on record, according to analyst Fundscape.

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