DFM launches new low-cost model portfolio service for advisers

Sparrows has released its SCore MPS range, comprising 11 portfolios categorised according to their equity exposure, which cost either 0.1% per annum of a client's investment or £20 a month. The firm's head of adviser proposition John Bennett explained this cap was introduced to level the playing field for investors across the wealth spectrum. "Model portfolios are pre-constructed, oven-ready if you like, with varying levels of risk. So why when you pull one off the shelf for a client with £10,000 does the client who has one for £100,000 pay 10 times as much? "There's no incremental...