The cross-border investment business said the rise demonstrates the level of activity currently going on in the market, with a number of advisers and clients looking to switch their holdings, either to take on less risk or to take advantage of the buying opportunity.
“Whatever the reason, advisers and clients want to act fast, and the best way of doing this is to utilise online functionality,” it said.
Advisers have been using Old Mutual’s online platform Wealth Interactive to find out which assets are the most vulnerable and which clients hold those assets.
The platform allows advisers to input instructions instantly for all impacted clients, and recommend that they switch out of certain holdings.
More demanding
Phil Oxenham, proposition marketing manager for Old Mutual International, said: “The recent stock market turmoil has heightened the need for advisers to utilise the online functionality available to them.
“Clients are becoming more demanding and expect advisers to react quickly in times of stock market uncertainty.”
