Small advice firms reveal MPS provider due diligence struggle

Research from Quilter Cheviot and NextWealth, where they polled 200 financial advice professionals to analyse the views of the community on MPS due diligence, found that 26% of advice firms have no set timeframe for reviewing investment partners. However, smaller firms are experiencing time and resource constraints more than their larger peers. When asked what the three largest challenges adviser firms face in conducting thorough due diligence on outsourced investment partners, for single adviser firms, 30% listed time constraints, while 28% listed the cost of the exercise. For two to...