Ian Sayers, director general of the Association of Investment Companies,
There was a 67% increase in adviser and wealth manager investment company platform purchases the first year after RDR.
That is the finding of a report commissioned by the Association of Investment Companies using Matrix Solutions' Financial Clarity.
Total purchases of investment companies in 2013 reached £328.4m, a 67% increase compared to 2012 when purchases were at £196.6m.
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Purchases of investment companies by advisers in Q4 2013 reached a record high of £86m, up 70% on the fourth quarter of 2012 of £50.6m.
Six platforms provided the data on investment company purchases - Transact, Nucleus, Ascentric, Raymond James Investment Services, Elevate and Novia.
Ian Sayers, director general of the Association of Investment Companies, said: "One year on it's clear that investment companies have significantly benefitted from the RDR.
"It's excellent news that investment company adviser platform purchases have increased dramatically, albeit from a low level.
"Demand for adviser training continues to be strong, and we have seven adviser seminars across the UK starting in June."
Other findings included:
· Total purchases of all products through adviser platforms for 2013 were £70.7bn up 46% on £48.6bn in 2012. Total purchases through platforms in Q4 were a record £20.3bn.
· The most popular investment company sectors for adviser purchases on platforms over the year were; UK Growth & Income (18%), Global Growth (17%), Property Direct – UK (6%), Asia Pacific – Excluding Japan (5%) and Infrastructure (5%).
