MPS on platforms still causing adviser pain points

CGT optimisation, cash management, reporting noise cited as issues

Isabel Baxter
clock • 3 min read

Financial advisers have cited capital gains tax (CGT), cash management, reporting noise and control as recurring model portfolio service (MPS) on platform pain points, research has showed.

Morningstar Wealth, in collaboration with The Lang Cat, has published new research - Unlocking the next phase of MPS growth - which explored how effectively platforms and MPS work together. The research consisted of a quantitative survey of 182 advisers, followed by in-depth interviews with 12 practitioners. The survey ran from January to early February 2026, with interviews taking place throughout February. Respondents included in the research cited cost perceptions (39%) and tax complexity (37%) as the primary constraints. "MPS and platform are experienced as a single system," th...

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

Bridge Investment Intelligence launches 'first-of-its-kind' MPS research tool

Bridge Investment Intelligence launches 'first-of-its-kind' MPS research tool

Tool aims to tackle “crowded and complex” market

Sophia Panayi
clock 13 April 2026 • 3 min read
Aberdeen investment head flags risk of blanket MPS rules in FCA's review

Aberdeen investment head flags risk of blanket MPS rules in FCA's review

‘That could add cost without improving outcomes’

Isabel Baxter
clock 08 April 2026 • 4 min read
The £200bn question: Where next for model portfolios?

The £200bn question: Where next for model portfolios?

'The flurry of moves in recent weeks is at least a year in the making'

clock 05 March 2026 • 9 min read