Adviser appetite to administer advisory model portfolios has “markedly diminished”, according to Quilter, as it revealed its platform had seen a huge shift to investment outsourcing in the last five years.
Data from the business showed that at the end of 2020, outsourced investments in discretionary fund manager (DFM) models and managed portfolio services (MPS) stood at 16.7% of all its platform assets. Today the total stood at 41.9%. In comparison, the proportion of assets still managed on an advisory basis on the Quilter platform had fallen sharply – 28.1% in 2020 compared to 15.8% today. The business added that total assets run on an advisory basis had "stagnated in comparison to outsourced assets", with just £13.4bn today compared to £13.9bn in 2020. The MPS market grew "exponent...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
