STEP member service Managed Portfolio Indices (MPI) has announced that usage of the indices has increased to more than 200 advice businesses as a result of recent investment in the platform, incorporating new technology at www.mpindices.com.
The MPI service, which is free to STEP members and professional advisers, became independent from Enhance Group in 2018. The platform provides trustees and financial advisers with tools to help them select and appoint discretionary investment managers.
The most recent addition to the service has been the Investment Policy Statement drafting tool, which allows users to create comprehensive policy statements in a few minutes.
STEP Chief Executive Mark Walley commented: "We have been pleased with the positive response to the upgraded platform, which this surge in users clearly demonstrates. We look forward to the continued evolution of this important STEP member service."