A 33 minute watch.

NextWealth Live brings together a community of leaders and key thinkers within wealth management to debate where next for the industry. In this series we bring you a selection of the conference’s most interesting and engaging discussions, having started here with Lee Robertson on adviser fees structures. 

In this episode, a CEO panel of platform providers, moderated by NextWealth’s Chairman Peter Mann, discuss their varied business models and how they will ensure they continue to “adapt, innovate, and thrive”.

Mark Till of Aegon kicks off, and accepts that when they came to market “28 – 30 players meant the market was oversupplied”. He then reveals why driving scale has been a strategic imperative for the group, where they see themselves “powering D2C of the future”, and plans for a default investment proposition.

Mark Duckworth, chief exec of Openwork, highlights vertical integration in his business, and the use of over 4000 face-to-face financial advisers with the aim of “aligning advisers to client needs throughout their lives”.

Ian Taylor of Transact talks on the importance of remembering “Mrs. Miggins”, and where Transact fits in as “the everything else business” and what he means by MISC.

Jackie Boylan of Fidelity finishes, as she restates “success comes with those who innovate”, and outlines her four key principals behind this.