Written by Ben Hammond on 13 June 2018
As seen in Wealth Adviser on 13/06/2018, Professional Adviser on 13/06/2018, Money Marketing on 14/06/2018, Investment Life & Pensions Moneyfacts on 11/09/2018, IFA Magazine on 11/09/2018 Money Marketing on 19/06/2018
Six years ago we released a white paper, The Platform Machine: Tuning for Efficiency. In it we discussed that, in spite of ever increasing levels of Assets under Administration, all was not well in platform land. Revenues were rising across the board, but costs were outstripping them, in many cases significantly so. Now, five years later, we are releasing Giving your platform wings, a white paper re-evaluating the current platform industry. These are our key findings:
The platform industry has taken off over the last 5 years but, for the majority, significant profits still remain out of range.
- Margins have fallen, regulatory scrutiny has risen; platforms have had to deal with the turbulence.
- Automation is key but it can be expensive, so platforms need to be clear where they will get the most thrust.
- That means understanding where costs are high, where they are likely to get higher and how to bring them safely back down to earth.
- Outsourcing can get you off the ground faster but it will add to your payload over time.
- The price of flying is key but don’t forget the cost of your ground crew – they can ground your profits too if you’re not careful.
There is undoubtedly profit to be made in the platform sector, as evidenced by a few of the current high-flyers. The question is whether the rest of the pack can keep up – and how they can do so.
Altus helps Headlight make Christmas brighter for mental health patients
Written by Altus on 17 January 2019
Altus has raised £480 for the Headlight Mental Health Charity.
API your business
Written by Michael James on 2 January 2019
APIs are high on digital agendas right now and the case for them can be compelling, especially if you want to expand your distribution channels and leverage capability across a broad and varied IT estate.