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

Former LGIM CEO Michelle Scrimgeour recognised in King's Birthday Honours

Former LGIM CEO Michelle Scrimgeour recognised in King's Birthday Honours

The honours mark the contributions and service of people across the UK

Jonathan Stapleton
clock 16 June 2025 • 1 min read
Women in Financial Advice Awards 2025: Complete your entries!

Women in Financial Advice Awards 2025: Complete your entries!

Entry period closes on 20 June

Professional Adviser
clock 16 June 2025 • 1 min read
Crossing Point joins Mabel Insights platform to offer advisers 'trend-following decumulation strategy'

Crossing Point joins Mabel Insights platform to offer advisers 'trend-following decumulation strategy'

Partnership aims to boost transparency and choice for advisers navigating crowded MPS market

Sahar Nazir
clock 16 June 2025 • 1 min read