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...

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