UK platform MPS market shows 'remarkable' growth

Now amounts to nearly a fifth of wealth management assets

Isabel Baxter
clock • 2 min read

The UK’s platform model portfolio service (MPS) market has grown at a “remarkable rate” in recent years, Platforum has found.

Its UK wealth management research has discovered that platform MPS now amounts to nearly a fifth (20%) of wealth management market assets excluding St. James's Place (SJP) (£927bn as at 31 December 2024). That is 16% of MPS assets including SJP (£1,112bn). Platforum noted that this growth has come as advisers continue to outsource investment management and "increasingly recommend" low-cost services and solutions. "But in a major strategic shift, advice firms are increasingly partnering with wealth managers to co-manufacture services that are tailored to the advice firms' specification...

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 DFM & Model Portfolios

Quilter Investors expands WealthSelect MPS with absolute return fund

Quilter Investors expands WealthSelect MPS with absolute return fund

Will be managed by Janus Henderson Investors

Michael Nelson
clock 14 October 2025 • 2 min read
MPS dominates adviser distribution sales for H1 2025

MPS dominates adviser distribution sales for H1 2025

As unitised multi-asset funds achieve biggest year-on-year increase

Jen Frost
clock 06 October 2025 • 3 min read
Adviser-built portfolios to 'win the MPS race'

Adviser-built portfolios to 'win the MPS race'

About 90% of what Elston manages are custom mandates designed by advisers

Isabel Baxter
clock 24 September 2025 • 4 min read