Adviser platforms had their strongest third quarter net sales figures since 2022 - hitting £756bn, according to new research.

Quilter, Aviva and Transact continued to dominate the net sales leaderboards for both the quarter and the year, according to Fundscape’s latest platform report.

Quilter continued to lead by a substantial margin, reporting net sales of £2.1bn.

One platform shaking things up and planning to challenge incumbents in the future was 7IM, which entered the top five last quarter and rose to fourth place in the most recent quarter.

Source: Fundscape

Markets and assets hit record levels in Q3 at nearly £1.3trn, supported by buoyant tech stocks and interest rates continuing their downward drift. Onshore bonds hit new highs, while SIPPs continued to attract both new business and pension consolidation money.

Aegon and Hargreaves Lansdown continued to lead on all-channel business. On a net sales basis, however, Quilter and AJ Bell edged ahead, delivering stronger results. For AJ Bell, the strength of its business is predominantly in the D2C proposition.

Source: Fundscape

Bella Caridade-Ferreira, CEO of Fundscape, said, “Despite the political noise and endless Budget speculation, this was the strongest third quarter since 2021. Investors and advisers largely held their nerve, helped by buoyant stock markets.

“As we move into the final quarter and look ahead to 2026, there are solid grounds for optimism. Interest rates are falling and the Autumn Budget is expected to drive further demand for advice. We also anticipate a reshuffle in the popularity of tax wrappers – pension flows are likely to ease, while onshore bonds continue to surge.

 “On that basis, Fundscape projects that all-channel assets will hit £2.4trn and adviser assets will double to £1.5trn by 2030.”

Source: Fundscape

 • A total of 18 platforms is included in Fundscape's Platform report. Platform coverage is estimated at 98% of the platform universe, according to Fundscape.