The launch of platform-hosted managed portfolio services (MPSs) has exceeded those with discretionary manager custody over the past five years, according to Defaqto.
The financial information business said it had registered 42 new platform-hosted MPS offerings in that period, compared with 24 discretionary custody solutions. Defaqto insight analyst - funds and DFM Fraser Donaldson (pictured) attributed the trend largely to price, pointing out the platform option is cheaper for both advisers and their clients. He said: "In general, discretionary managers range from providing a premium, bespoke service to a gradually less individually-driven one. The MPS is a viable and good solution for a lot of people, but you don't have the level of personalisati...
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