Hiren Patel: Why IFAs 'can't get no satisfaction' from model portfolio service tech

Asset managers and platforms don't always see eye-to-eye

clock • 5 min read

Hiren Patel looks at the struggle advisers face when dealing with model portfolio services technology and says more efficient, cost-effective processes will be music to advisers' ears...

Lennon and McCartney, the Gallagher brothers, Jagger and Richards. Like all of these great partnerships, the relationship between asset managers and platforms is a complicated one and often leaves IFAs and their clients picking up the pieces. On the one hand, they continue to offer fresh innovation to financial advisers. Just look at how the vast majority of platforms have facilitated an accelerated introduction of ground-breaking technology in the face of the ongoing coronavirus pandemic. Features like digital signatures and "intelligent office" now let advisers invest on their cl...

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 Technology

How explainable AI will finally close the UK's advice gap

How explainable AI will finally close the UK's advice gap

‘Bolting on chatbots won't work - rebuild from scratch’

Thomas Young
clock 20 February 2026 • 4 min read
Zerokey launches advice tech provider integration platform

Zerokey launches advice tech provider integration platform

AdvisoryAI and Time4Advice Curo early adopters

Isabel Baxter
clock 20 February 2026 • 2 min read
AI in wealth management: Why security cannot be an afterthought

AI in wealth management: Why security cannot be an afterthought

'Generative AI introduces considerations that sit outside traditional criteria'

Vinit Gela
clock 17 February 2026 • 5 min read