Advisers tolerate MPS friction – but they shouldn't have to

Managed Portfolio Services (MPS) have become the default choice for advice firms trying to free up time for planning and managing risk rather than building, maintaining and defending in-house portfolios. Earlier this year, we asked advisers how they experience MPS day-to-day, and the answer was often mixed. One adviser was quoted as saying: "Where a platform makes something a manual process, it stops being efficient." Despite the bumps some firms hit when implementing MPS, adoption has kept on climbing at a healthy rate across the market. And our research with The Lang Cat suggests th...