How to pick the right platform

As the platform space grows and evolves, DFMs have two options: build their own in-house, internal systems or outsource to some of the more familiar, adviser facing vehicles. Larger wealth management firms such as 7IM and Rathbones are in a position to choose the in-house route but, of course, this is not a suitable option for all. In the instance where it is not, managers are left having to decide between over 20 different platforms, rendering a sufficient due diligence process essential. Key considerations DFM platform strategies can range from involvement with many vehicles down t...