Defaqto, one of the UK’s most trusted sources of financial product and market intelligence, has identified the top 10 most recommended platform managed portfolio solutions (MPS) by value in 2023.
Timeline Portfolios’ Classic – 50 has proven to be the most recommended MPS investment solution in 2023, followed by Brewin Dolphin’s MPS Growth solution and the Tatton Core Balanced solution. All of the top 10 reside within the Defaqto risk rating scale of 5-7, with at least three solutions appearing under each of these risk ratings.
|
Position |
Proposition Name |
% Share of Top 10 |
|
1 |
Timeline Classic – 50 |
18.11 |
|
2 |
Brewin Dolphin MPS Growth |
10.43 |
|
3 |
Tatton Core Balanced |
10.42 |
|
4 |
Brewin Dolphin MPS Balanced |
10.29 |
|
5 |
Waverton Growth Portfolio |
9.06 |
|
6 |
Tatton Core Active |
8.86 |
|
7 |
AJ Bell Passive MPS 3 |
8.84 |
|
8 |
Tatton Tracker Balanced |
8.49 |
|
9 |
Brooks Macdonald Medium Risk (Active) (Income & Growth) |
8.05 |
|
10 |
Waverton Balanced Portfolio |
7.46 |
The data is drawn from Defaqto Engage; the adviser research software used by more than 30% of advisers in the UK to help their clients make smarter financial decisions. It depicts the most popular managed portfolio solutions chosen through the research software, by a representational cross section of the UK financial adviser market, excluding recommendations made by vertically integrated distribution networks.
Andy Parsons, Insight Manager (Funds & DFM) at Defaqto, commented:
“As the table clearly shows, there are a variety of investment solutions being chosen across a multitude of varying styles and risk levels. Providers, such as RBC Brewin Dolphin, Tatton and Waverton are represented more than once with Tatton having the most with three propositions.
“In an advisory world where time is becoming an even scarcer resource, due to an ever-increasing regulatory workload, clients rightly expect investment solutions that deliver in terms of associated risk, performance, and cost. Advisers are understandably seeking out investment solutions where all the tough challenges of asset allocation, geographical and sector preference, growth versus value and mega cap versus small is done for them.
To help ensure that advisers are supported with independent and unbiased data and not simply reliant on providers’ literature, Defaqto has launched its Consumer Duty Profiles for all the above-mentioned propositions.
The Profiles are part of Defaqto Engage which consolidates all the information advisers need into one software solution, providing a comprehensive holistic service. It gives advisers the power to model a client’s financial objectives, capture risk profiles, conduct investment research, and oversee client reviews – all from one place.
Powered by Defaqto’s data, including more than 18,000 funds, 2,700 DFM MPS portfolios, platforms and products, Defaqto Engage is recognised by advisers as a trusted source of financial product and market intelligence. Recommendations of £42bn annually go through the system. More information can be found at www.defaqto.com/solutions/engage