Investment platform AJ Bell has launched a new service which will give advisers and their clients access to managed portfolio services (MPS) from external discretionary fund managers via its platform.

The third-party MPS will sit alongside the existing AJ Bell MPS option and the AJ Bell multi-asset funds, giving advisers access to a range of outsourced investment solutions to help manage their clients’ portfolios.

The new service will give advisers access to managed portfolios from FE FundInfo and LGT Vestra to begin with, while Brewin Dolphin will be added to the service soon. More third-party MPS partners will be ad...