The True Potential Wealth Platform has removed the requirement for advisers to hold back 2 per cent of clients’ cash to cover fees.
This means clients can now be 100 per cent invested into the 12,000+ products on the platform, whereas previously some of that money had to be held back to cover fees.
The platform said the changes to the platform meant that the payment process would now instead be automated and that will mean advisers will get paid their fees faster.
