The report outline & research methodology can be accessed here, while the following insights provide a small taste of the content.
“The Australian investment platform market continues to show long-term sustained growth at 8.8% CAGR over the last ten years, despite the short-term challenge of navigating through increased investment flows into cash and off-platform term deposits. This robust growth is largely attributed to the thriving demand for financial advice as investors seek professional advice to make informed decisions amid the changing financial landscape. Moreover, the market is being shaped by an increase in intergenerational wealth transfer, which further fuels the need for investment platforms as families manage and grow their inheritances.”
“Disruptor platforms are winning the game on the back of advice licensee market fragmentation, with the leaders including Hub24, netwealth, and Praemium to a lesser extent, increasing net flows in 2020-21 followed by some consolidation in 2022. The key areas of disruptor success, as evidenced from adviser feedback, were agility (rapidly adjusting to shifts in market appetite for private assets and managed accounts), user experience (attention to building great UX / UI tailored to adviser needs), legacy and culture (being unencumbered by embedded technology and ungainly operational constraints), and strong backend knowledge and support from the provider.”
