Monday, 14 February 2011

The Platforum research dimensions the B2C platform market

In February 2011, The Platforum release its report dimensioning the B2C platform market. Amongst its finding are:
  • The three main categories of D2C platforms are IFA brand platforms, fund manager owned platforms and execution-only stockbroker platforms.
  • As at 30 September 2010 the D2C platform market was £64.9 billion.
  • The largest players by Assets Under Advice are Hargreaves Lansdown, Barclays then Fidelity. Hargreaves Lansdown dominates the space with a 28.5% D2C platform market share.
  • The average age of a D2C platform customer is 57 (which is certainly older than I would probably have imagined).
  • There is currently little differentiation in this market with all D2C propositions being built to service “mini IFAs”.
Looking at the market more widely, they go on to suggest that:
  • There are other important pools of directly-held funds out there. For example, they estimate that there are up to £20 billion in directly-held funds with asset managers.
  • 17% of active private investors intend to take out their next ISA through a fund supermarket.
  • There are currently 6 million people in the UK who claim to be actively involved with their investments.
Click here for more information.