The MPS range became available to advisers using the platform on 1 May.

The IBOSS DFM MPS offers four ranges: Core, Passive, Income and Sustainable. There are 32 risk-rated portfolios aligned to long-term investment goals, appetite for risk, and desired investment style.

Kevin Morrison, head of business development at IBOSS, said: “As a business, we have always been led by adviser demand, and we think that it is important to give advisers multiple options when it comes to supporting client servicing. We are therefore delighted that AJ Bell have now welcomed us on to their carefully selected panel of third-party MPS providers.”

IBOSS is part of the wealth management and Financial Planning-focused Kingswood Group which completed its acquisition of the asset manager in January 2022.

Total advised customers at AJ Bell were 153,400 in March, a 12% rise year-on-year and a 3% rise over the quarter.

Platform provider AJ Bell recently appointed former Hargreaves Lansdown director Fiona Clutterbuck as its new chair to replace outgoing chair Baroness Helena Morrissey.

AJ Bell, founded by industry entrepreneur Andy Bell, has gone through a number of board and executive changes over the past year.

In September, Mr Bell stepped down from the investment platform’s board following discussions with the Financial Conduct Authority (FCA).

At the same time, AJ Bell chair Helena Morrissey announced she would also also step down from the board after less than a year in the position. She left a previous role as a non-executive director at wealth manager St James's Place after 14 months to become AJ Bell chair.

Mr Bell stepped down as CEO from 1 October but had planned to remain on the board as non-executive deputy chairman.