Model portfolio services outperform adviser platform market

NextWealth says 41% of advisers expect to increase MPS use next year

Sahar Nazir
clock • 1 min read

Model portfolio services (MPS) have outperformed the platform market by expanding 9% in the year to 30 September 2023, according to NextWealth’s MPS Proposition Comparison Report 2023.

Assets in discretionary MPS grew 12% during the period compared to a 9% growth rate for adviser platforms over the same period. Meanwhile, assets in discretionary MPS grew 14% year-on-year to Q3 2023, compared to the 9% growth in the same period for adviser platforms. NextWealth said 41% of financial advice professionals use discretionary MPS and 24% expect to increase their use in the next 12 months. This is according to research canvassing 244 financial advice professionals, conducted in July and August 2023. The report also found that the average price paid by end clients of ...

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 Your profession

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

'Investing is not just a technical exercise; it’s an emotional one'

Kate Rainbow
clock 03 August 2026 • 4 min read
The Platforms Association acquires the UK Platform Awards

The Platforms Association acquires the UK Platform Awards

Clive Waller hands over the awards programme

Isabel Baxter
clock 30 July 2026 • 2 min read
FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

Covers advisers, platforms and wealth managers

Sophia Panayi
clock 30 July 2026 • 3 min read