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

Why the FCA is digging into co-manufacturing

Why the FCA is digging into co-manufacturing

Ben Peele explores the 'uncomfortable truth' that sits at the centre of the co-manufacturing debate...

Ben Peele
clock 26 June 2026 • 4 min read
Bamboo Invest launches sustainable MPS range

Bamboo Invest launches sustainable MPS range

Three tech-backed sustainable portfolio ranges

Jenna Brown
clock 24 June 2026 • 2 min read
Traditional MPS limits on CGT and operations now in FCA focus

Traditional MPS limits on CGT and operations now in FCA focus

PortfolioMetrix’s Ben Peele on adviser co-manufacturing and blurred MPS responsibilities

Isabel Baxter
clock 19 June 2026 • 1 min read