A “really low-cost” managed portfolio solution (MPS) can end up being “neither profitable or sustainable”, Evelyn Partners head of asset allocation Kate Morrissey has said.
Speaking at the wealth manager's investment roadshow today (17 June), Morrissey highlighted the challenges of MPS, including the price compression over the years when it comes to MPS. She told delegates that we are starting to see most providers coming into the market with MPS offerings charged at 10bps or even lower. "This is neither profitable nor sustainable," Morrissey said. "You are given a static asset allocation on a passive basis." "You have to question the prices and ask yourself if it is worth it," Morrissey told advisers in the room. "Is it sustainable and profitable, wh...
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