There is a “real danger” of some managed portfolio service (MPS) providers who are running too many models, Evelyn Partners Index MPS portfolio manager Dan Caps tells Professional Adviser.
Caps noted that there are some players in the market who "are quite happy to bespoke, as we are for the right clients, but some are happy to offer a bespoke service for every client that walks through the door". "Then the number of models they're running can absolutely run away from them — and there's a real danger in that," he told PA. Caps said that it is right that the regulator will be looking at MPS solutions through a Consumer Duty lens in its upcoming MPS review. The watchdog confirmed in February that it will this year start a multi-firm review of MPS looking at how firms a...
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