US advisers consider platform consolidation amid covid-19 correction

clock • 2 min read

The technology build-out required to completely consolidate managed accounts onto a single platform continues to elude many managed account sponsors, and the covid-19 market correction is contributing to the slow development, according to The Cerulli Report—US Managed Accounts 2020 edition. Cerulli's research, based on data collected in May 2020, reveals that more than one-quarter (28.6%) of managed account sponsors have paused their spending on technology products. While many firms are continuing to build out a unified advisory platform (UAP), other firms are rethinking this approach, a...

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