Look beyond MPS price and performance: Robust operational due diligence is every IFA's duty

Model portfolios that run on third-party platforms continue to gain popularity among financial advisers, allowing them to streamline their investment proposition and focus on delivering strong client outcomes. The discretionary model portfolio service (MPS) market continues to show strong growth. Latest figures from NextWealth show that assets in discretionary MPS grew by 11% in the past six months, and 25% year-on-year. With this growth comes greater regulatory scrutiny, as demonstrated by the Financial Conduct Authority's (FCA) announcement of a multi-firm review of model portfolio ser...