Putting the pieces together
Thursday 24 October 2013
The withdrawal of big name high street banks from the advice market seems to have generated renewed activity in the D2C platform arena recently. YourWealth has launched a platform to take advantage of another wave of customers who may move towards D2C when they discover they now need to pay explicitly for advice, the next time they meet their advisers. Aegon has recently announced that they intend to launch a D2C platform for orphaned clients and those advisers no longer wish to service. And reports in the press suggest that several more organisations are actively looking at this space. All of this leads to a logical conclusion for anyone who has historically been reliant on commission based distributors to sell their products and services; they need a D2C platform.