Platforms and MPS providers 'do want to raise standards'

Need to be ‘mindful of putting the client first’

Isabel Baxter
clock • 3 min read

By and large, platforms and managed portfolio service (MPS) providers do want to raise standards, according to Morningstar Wealth managing director Mark Sanderson.

This comes after Equisoft's warning of a platform "crunch" due to the increased usage of MPS. Sanderson told PA that he disagreed with the notion that there is likely to be any impending platform collapse. "The reason I don't think that's the case because I'm an MPS provider and a platform provider," he said. "We've been running a platform which allows both discretionary fund managers and advisers to scale-ably offer MPS and I think those tools are there." Sanderson called for cooperation between platforms, advisers, and MPS providers. "As we navigate an increasingly complex env...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on DFM & Model Portfolios

Target market tops criteria for MPS selection in 2024 as advisers prioritise suitability

Target market tops criteria for MPS selection in 2024 as advisers prioritise suitability

Advisers move from performance to target market as most crucial factor

Isabel Baxter
clock 20 January 2025 • 2 min read
Tatton retains pole position on Defaqto's top ten MPS list

Tatton retains pole position on Defaqto's top ten MPS list

Only four solutions retained their place within the top ten

Isabel Baxter
clock 09 January 2025 • 2 min read
Bespoke MPS solutions 'key trend' going into 2025

Bespoke MPS solutions 'key trend' going into 2025

‘Advice firms want something that’s right for their business'

Isabel Baxter
clock 20 December 2024 • 3 min read