Model portfolio services outperform adviser platform market

NextWealth says 41% of advisers expect to increase MPS use next year

Sahar Nazir
clock • 1 min read

Model portfolio services (MPS) have outperformed the platform market by expanding 9% in the year to 30 September 2023, according to NextWealth’s MPS Proposition Comparison Report 2023.

Assets in discretionary MPS grew 12% during the period compared to a 9% growth rate for adviser platforms over the same period. Meanwhile, assets in discretionary MPS grew 14% year-on-year to Q3 2023, compared to the 9% growth in the same period for adviser platforms. NextWealth said 41% of financial advice professionals use discretionary MPS and 24% expect to increase their use in the next 12 months. This is according to research canvassing 244 financial advice professionals, conducted in July and August 2023. The report also found that the average price paid by end clients of ...

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 Your profession

Feel Good Friday: BRI Wealth Management raises money for homeless charity

Feel Good Friday: BRI Wealth Management raises money for homeless charity

Firm has raised £650 for Let’s Feed Brum

Professional Adviser
clock 20 December 2024 • 1 min read
Bank of England holds interest rates steady at 4.75% amid heightened inflation

Bank of England holds interest rates steady at 4.75% amid heightened inflation

Interest rates remain the same

Sorin Dojan
clock 19 December 2024 • 2 min read
How can we help get younger generations engaged with financial advice?

How can we help get younger generations engaged with financial advice?

'Don't lecture or school younger clients. Advisers should be able to listen and guide'

Richard Watkins
clock 19 December 2024 • 3 min read