Its existing RDR-compliant platform, aimed at high net worth clients and multiple family offices, will now sit alongside the Platform One Global Service for international advisers who want to operate a traditional, commission-based revenue model.
“The Platform One Global Service will address a major requirement in the international market for a commission-based platform,” said Platform One managing director Michael Fordham.
“The new service will complement our existing international service which supports adviser firms using an RDR style, fee-based model with client agreed remuneration,” he said.
A choice of commission structures that provide different levels of remuneration and different charging options for the client will include ‘classic’ or ‘maximum’ commission accounts.
Fordham said the latter will give the ability to maximise the adviser’s initial and annual commissions from funds.
However, he emphasised that he will draw the line at excessive commission structures: “We’ve set out our stall as a quality provide,r and we want our advisers to act within a reasonable boundary.”
He added that there has been interest already from firms in Gibraltar and Cyprus, and in the Far East and Middle East.
Platform One’s Global Service will use Moventum SCA of Luxembourg as its offshore service provider. Moventum also provides the underlying service for Platform One’s international service.
