Schroders Investment Solutions, which offers a series of cost-effective Model Portfolios and Multi-Asset funds, is today announcing that its Model Portfolio Service (MPS), is now available on two additional key UK advised platforms.
Parmenion and Fidelity will now provide access to the MPS, following increasing demand from financial advisers. The MPS is now available on a total of 14 platforms across the UK market.
The award winning[i] cost-effective MPS, consisting of Active, Strategic Index and Sustainable ranges, is a part of the Schroder Investment Solutions, which has over £4.5 billion of assets under management (as at 30 June 2022). Offering an annual management charge of only 15bps, each range has between six and nine model portfolios covering a large spread of risk ratings.
Gillian Hepburn, Head of Intermediary Solutions, Schroder Investment Solutions said:
“Our recent Financial Adviser Survey indicated that 20% of advisers increased their allocation to outsourced investment propositions in the last year, with 21% of advisers expecting to increase their allocation to 3rd party Model Portfolios in the next 12 months. This has been reflected in the increasing number of advisers now working with us.
"According to our research, the top factors when selecting a Model Portfolio Service continue to be performance and cost. We are constantly listening and responding to customer feedback to ensure that we are deliver attractive solutions designed to be cost effective, and to deliver robust and sustainable returns for our clients.
“It is also great to see our distribution capabilities going from strength to strength, enabling us to meet financial advisers’ growing demand for an accessible range of model portfolios.”
Sarah Lyons, Chief Marketing Officer, Parmenion said:
“We are pleased to be expanding the range of DFM choice on the award-winning Parmenion platform, in response to adviser demand for greater portfolio choice. Schroders is the latest fund manager whose solutions are now available via our platform and we are delighted to be able to offer our clients access to a group with such a stellar reputation and long history in the marketplace.”
Paul Richards, Head of Distribution, Fidelity Adviser Solutions, Fidelity International commented:
“Model portfolios play a significant role in the solutions advisory firms offer, and we are continuing to expand and enhance the range we provide access to through Fidelity Adviser Solutions. We are therefore delighted to partner with the team at Schroders to launch Schroders MPS, allowing us to fulfil this growing demand.”
[i] Schroders' MPS was awarded best Model Portfolio Service at the Professional Adviser Awards 2022