Financial advisers who DON'T use an MPS - why?

I don’t rely heavily on MPS because financial planning shouldn’t become a production line.

Model portfolios can be useful tools, particularly for scale and operational efficiency, but they can also create a one size fits all mindset if advisers aren’t careful. Every client’s goals, time horizons, behavioural patterns and liquidity needs are different, and I prefer to build investment strategies around the wider financial plan rather than plug clients into a predefined model.

For me, portfolio construction sits within a broader behavioural and planning framework. Before we talk about risk ratings or asset allocation, we analyse spending behaviour, life goals and long term financial priorities.

MPS can absolutely work well in the right circumstances, but advice should start with the client’s life plan not with a model portfolio waiting to be filled.