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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