The majority of advisers are unlikely to change platforms over the next year, according to research from The Platforum.
The Platforum found that 87% of advisers polled during the first quarter of 2012 did not believe they would switch platforms.
The research found that 44% were “very unlikely”, while a further 43% were “unlikely”. Just 11% thought they may change during 2012.
The proportion of advisers likely to switch dropped from 30% in the third quarter of 2011 to 10% in the latest survey. (article continues below)
In its latest adviser platform guide, The Platforum said the trend posed a “growing challenge” to new entrants in the platform market.