Standard Life Wealth brings MPS service onto platforms

Will be rebranded following Aberdeen merger

clock • 3 min read

Standard Life Wealth has made its Model Portfolio Service available on third-party platforms for the first time, with the firm outlining plans to roll out to ten platforms in the next 12 months.

To start with, the service is available on the Transact and Novia platform as a result of increasing demand from advisers and clients. The model portfolio service was first launched in 2011 but has previously only been available via the Standard Life platform. It offers five conventional portfolios, which the firm said were the most popular, and five volatility-managed ones.  It recently passed £1bn in assets under management. Head of business development Ronnie Binnie said: "We did not do it before as we did not have confidence in the platforms and we did not want our solutions to...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth Management

Redington head of global assets Gillespie: Do you trust your DFM?

Redington head of global assets Gillespie: Do you trust your DFM?

Five key questions to ask

Tara Gillespie
clock 31 January 2024 • 4 min read
Capgemini head of capital markets: Four key calls for the wealth sector in 2024

Capgemini head of capital markets: Four key calls for the wealth sector in 2024

Generational wealth transfer

Gareth Wilson
clock 23 January 2024 • 4 min read
Defaqto unveils Consumer Duty profiles for top 20 model portfolios

Defaqto unveils Consumer Duty profiles for top 20 model portfolios

Structured around FCA's four key outcomes

Valeria Martinez
clock 19 December 2023 • 1 min read
Trustpilot