Edward Kennedy explains why he firmly believes bespoke services and MPS solutions can – and should – co-exist
Demand for bespoke investment services is set to rise. Individuals are increasingly turning to their financial advisers for tailored offerings, not least with the potential challenges of later life in mind. This shift is perceived in some circles as evidence that managed portfolio service (MPS) solutions are innately inadequate. "Race to the bottom" pricing is often cited in support of such a view. Yet this somewhat negative interpretation doesn't withstand a great deal of scrutiny. As their sheer popularity illustrates, MPS solutions can in many ways be regarded as a spectacular su...
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