Financial advisers “overwhelmingly” want to see industry-wide standards introduced for due diligence on outsourced investment providers, findings from Quilter and NextWealth have found.
Released today (4 June), Quilter Cheviot, in conjunction with NextWealth, polled 200 financial advice professionals to analyse the views of the community on managed portfolio service (MPS) due diligence. More than three-quarters (76%) of financial advisers saw the need for consistent standards when reviewing MPS providers, while close to the same amount (71%) believe industry-wide standards are needed to govern the management of outsourced model portfolios to support better client outcomes. The research highlighted a clear gap in financial advisers' understanding of current regulation...
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