MPI - A STEP Member Service

What MPI - A STEP Member Service does

MPI - A STEP Member Service, operated by MP Analytics Ltd (a Jersey-registered private limited company headquartered in St Helier), is a free benchmarking utility for trustees and private client investment advisors. Its core product is a set of Managed Portfolio Indices published in Sterling, US Dollar, and Euro across Low, Medium, and High risk categories, constructed from actual client portfolio data contributed by over 50 investment management firms including Evelyn Partners, Ruffer, Brooks Macdonald, Quilter Cheviot, LGT Wealth Management, RBC Wealth Management, and Rothschild & Co.

The technology stack is centered on a quarterly and monthly reporting engine that produces summary performance reports, downloadable time series data files, and a web application called the Fiduciary Investor Tool. Adjacent products include an Online Investment Policy Statement app (launched April 2019) that helps trustees generate STEP-UK Practice Committee-aligned policy documentation, and a Beauty Parade platform (launched July 2021) for comparing investment managers.

MPI is distributed and endorsed through its license as an official Member Service of STEP (Society of Trust and Estate Practitioners), giving it direct access to the global trust and estate practitioner community. The business model is freemium: indices, reports, and tools are provided at no cost to STEP members, with fair-use attribution rules for non-commercial reproduction. No revenue, funding rounds, or external ownership have been disclosed, and the service appears to be operationally sustained by member contributions of data and content rather than user fees.

Name

MPI - A STEP Member Service

Legal name

MP Analytics Ltd

Website

https://mpindices.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

MPI is a free STEP Member Service that publishes Managed Portfolio Indices in GBP, USD, and EUR across three risk categories, constructed from real client portfolio data contributed by 50+ investment managers, serving trustees and private client advisors.

Ownership category

akta.pro rank

Product category

Investment Benchmarking Services

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Analytics, Risk Models & Factor/Style Indices (FSAFAIAG)

akta.pro secondary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Portfolio performance indices
• Investment benchmarking
• Trustee workflow tools
• Private wealth benchmarks
• Investment policy statements

Headquarters

HQ city

St Helier

HQ country

Jersey

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Free Member Service: MPI operates as a free STEP Member Service. The service is provided free of charge to STEP members and private client advisors, with indices freely available for download and reproduction under fair use terms
2. Index Licensing: Indices are free to download and reproduce for non-commercial use with attribution. The Terms of Use specify conditions for fair use including attribution requirements and compliance with financial reporting regulations

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

MPI publishes Managed Portfolio Indices in Sterling, US Dollar and Euro across Low, Medium and High risk categories, constructed from actual client portfolio data submitted by over 50 investment managers. The service complements these free benchmark indices with trustee workflow tools — an Online Investment Policy Statement creator (based on STEP's UK Practice Committee guidance), a Beauty Parade platform for trust manager comparison, a Fiduciary Investor Tool web app, and downloadable time series data — all delivered free of charge to STEP members and private client advisors.

Product overview

MPI is a free STEP Member Service provided by MP Analytics Ltd that offers a suite of investment management tools centered on its Managed Portfolio Indices in Sterling, US Dollar, and Euro currencies. The core product includes quarterly performance reports and monthly estimates for client portfolios across Low, Medium, and High risk categories. Additional tools include an Online Investment Policy Statement app for trustees and a Beauty Parade platform for comparing investment managers. Users can download complete time series data files and access reports through the Fiduciary Investor Tool web application.

Differentiator

Problem solved

Functional benefit

Products and services

• Managed Portfolio Indices Free investment benchmark indices in Sterling, US Dollar and Euro across Low, Medium and High risk categories, constructed from actual client portfolio data submitted by over 50 investment managers. Provided to trustees and private client advisors to assist with investment-related activities.
• MPI Summary Reports Quarterly performance reports and monthly estimates showing how client portfolios are likely to have performed, available in GBP, USD and EUR, distributed free to registered STEP members and advisors.
• MPI Time Series Data Complete downloadable time series data files containing historical index performance metrics for the Managed Portfolio Indices, available to users with attribution.
• Fiduciary Investor Tool Web application providing investors and trustees access to MPI services and reports, enabling portfolio analysis against MPI benchmark indices.
• Online Investment Policy Statement App Free online tool that enables trustees of private family trusts to create Investment Policy Statements by answering questions about their trust or portfolio requirements, based on STEP UK Practice Committee guidance.
• Beauty Parade Platform Free platform service for trusts that supports the 'beauty parade' process — the comparison and selection of investment managers for trust mandates.

Quantifiable outcome

• Trustees can compare portfolio performance against peer benchmarks constructed from over 50 investment managers' client portfolios

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

23 partnerships are on record, tiered flagship, core and minor.

• STEP (Society of Trust and Estate Practitioners)flagshipStrategic or Co-development PartnerMPI is officially licensed by STEP as a Member Service. STEP is the professional body for trust and estate practitioners, providing MPI with credibility and access to the trust management profession. This is the core partnership enabling MPI's service delivery to trustees.
• Evelyn PartnerscoreGTM or Marketing PartnerEvelyn Partners is a contributing author to MPI's investment insights, providing regular market commentary and analysis content for the platform. They are listed as one of the Members of MPI.
• Bentley ReidcoreGTM or Marketing PartnerBentley Reid contributes investment insights articles to the MPI platform and is listed among the Members of MPI, demonstrating their participation in the MPI benchmarking ecosystem.
• Ruffer LLPcoreGTM or Marketing PartnerRuffer LLP is listed among the Members of MPI and contributes content to the platform's investment insights section.
• Church House Investment ManagementcoreGTM or Marketing PartnerChurch House Investment Management is listed among the Members of MPI and contributes content to the platform.
• Sanlam UKcoreGTM or Marketing PartnerSanlam UK is listed among the Members of MPI and contributes content to the platform's investment insights.
• Brooks MacdonaldcoreGTM or Marketing PartnerBrooks Macdonald is listed among the Members of MPI and contributes content to the platform.
• Quartet Investment ManagerscoreGTM or Marketing PartnerQuartet Investment Managers is listed among the Members of MPI and contributes content to the platform.
• Quilter CheviotcoreGTM or Marketing PartnerQuilter Cheviot contributes market commentary and investment insights to the MPI platform.
• JM FinnminorGTM or Marketing PartnerJM Finn contributes investment insights articles to the MPI platform and is listed among Members of MPI.
• CazenovecoreGTM or Marketing PartnerCazenove Capital is listed among the Members of MPI, participating in the MPI benchmarking ecosystem.
• LGT Wealth ManagementcoreGTM or Marketing PartnerLGT Wealth Management is listed among the Members of MPI.
• FIM CapitalcoreGTM or Marketing PartnerFIM Capital joined MPI and contributes content to the platform's investment insights.
• Saltus Asset ManagementcoreGTM or Marketing PartnerSaltus Asset Management joined MPI and is listed among the Members of MPI.
• Titan WealthcoreGTM or Marketing PartnerTitan Wealth is listed among the Members of MPI.
• Nedbank Private WealthcoreGTM or Marketing PartnerNedbank Private Wealth is listed among the Members of MPI.
• WAM Investment ServicesminorGTM or Marketing PartnerWAM Investment Services is listed among the Members of MPI.
• Melville DouglasminorGTM or Marketing PartnerMelville Douglas is listed among the Members of MPI.
• Rothschild & CocoreGTM or Marketing PartnerRothschild & Co joined MPI and is listed among the Members of MPI.
• RBCcoreGTM or Marketing PartnerRBC (Royal Bank of Canada) Wealth Management is listed among the Members of MPI.
• Plurimi Wealth LLPminorGTM or Marketing PartnerPlurimi Wealth LLP joined MPI and is listed among the Members of MPI.
• EFGminorGTM or Marketing PartnerEFG is listed among the Members of MPI.
• Westminster Asset ManagementcoreGTM or Marketing PartnerWestminster Asset Management joined MPI and contributes content to the platform.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Ortec Finance: Provider of asset-liability modeling, performance attribution, and benchmark analytics to pension funds, endowments, and family offices. Comparable in serving fiduciary investors with peer benchmarking, scenario analysis, and governance-aligned reporting tools.
• Investment Metrics (Confluence): Provider of performance reporting, GIPS compliance, and peer benchmarking analytics for institutional and wealth managers. Closely aligned with MPI's portfolio benchmarking and reporting purpose for advisors and trustees.
• Style Analytics (Morningstar): Provider of style, factor, and peer-comparison analytics for wealth and institutional managers, including custom peer-group benchmarking. Closely aligned with MPI's function of constructing peer benchmarks from real manager portfolios for performance attribution.
• ARC Private Client Indices (ARC): Independent UK-based provider of private client investment performance indices constructed from actual discretionary manager portfolios. The closest direct competitor to MPI in building real-portfolio benchmarks for the private wealth sector.

Broad incumbents

• FTSE Russell (LSEG): Operator of flagship global indices and bespoke benchmark services for institutional asset owners and wealth managers. Comparable as a benchmark publisher serving investment decision-makers; far larger scale but similar index-publishing function.
• Morningstar: Investment research, data, and benchmarking provider serving advisors and asset managers with performance attribution and peer comparison tools. Comparable as a portfolio benchmarking and investment analytics provider targeting wealth advisors.
• Bloomberg Indices: Provider of proprietary multi-asset indices and benchmarking data integrated with the Bloomberg Terminal ecosystem. Comparable as an index provider serving institutional wealth users; differs in scale, distribution, and asset-class breadth.
• MSCI: Global index and analytics provider offering factor, ESG, and private-asset benchmarks to institutional investors. Comparable as a multi-currency benchmark administrator, though MSCI operates broadly across asset classes versus MPI's trustee-private-wealth niche focus.
• S&P Dow Jones Indices: Major index publisher offering benchmark indices and custom index services across asset classes. Comparable function (benchmark administration and licensing) with vastly broader scale and asset coverage than MPI's trustee-focused real-portfolio indices.

Others

• STEP (Society of Trust and Estate Practitioners): The global professional body for the trust and estate industry that licenses MPI as a Member Service. Comparable as an ecosystem stakeholder and distributor rather than a competitor; both serve the same trustee/wealth-advisor constituency.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/MPIndices
• LinkedInlinkedin.com/company/mpi-a-step-member-service

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MPI - A STEP Member Service