Sarasin & Partners has joined forces with MPA Financial Management to create a bespoke suite of model portfolios for the Midlands-based advisory firm’s clients.

The MPA Sarasin Tailored Portfolio Service consists of five diversified model portfolios that are designed to meet a range of client risk profiles.

Using its Tailored Model Portfolio Service, Sarasin & Partners said MPA would benefit from a halving of its annual management charges, regulatory alignment with Consumer Duty, and improved reporting features.

The suite of model portfolios will also provide MPA’s clients with access to Sarasin & Partners’ global thematic investment process, which aims to generate alpha by identifying trends shaping the future global economy.

Sarasin & Partners said its partnership with MPA demonstrated its “ongoing commitment” to innovation and efficiency in the portfolio management space.

Commenting on the announcement, Sarasin & Partners partner and head of UK sales, Christopher Cade, said that Consumer Duty had made advisory firms focus on the value they were offering clients, and that the old style bespoke discretionary portfolios, which typically have higher charges and average performance and service, do not “stack up to scrutiny” in many cases.

“Our latest Tailored Model Portfolio Service partnership with MPA Financial Management demonstrates our commitment to providing cost-effective bespoke solutions able to meet continually evolving regulatory frameworks, such as Consumer Duty,” he continued.

“With a high-quality team providing high-quality service, our investment capability is designed to deliver long-term growth by being the forefront of trends set to shape tomorrow’s world.”

MPA Financial Management managing director, Phil McGovern, added: “Finding a partner that can deliver strong performance while aligning with the latest Consumer Duty standards was our primary objective in sourcing a new service for our clients.

“Sarasin & Partners' tailored model portfolio service offers customisation at an attractive cost, enabling us to enhance the value we deliver to our clients.”

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