Defaqto reveals top 10 recommended MPS investments year to date to end of Q2 2024  

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 year to date to the end of Q2 2024. 

Whilst the top two positions show no change with Tatton retaining the top two steps with their Core Active and Core Balanced portfolios, below that, every position has shown a change since the end of Q1.  

Climbing four places to third spot is the Brewin Dolphin MPS Balanced portfolio, closely followed by a new entrant in the shape of the Quilter WealthSelect Managed Blend 6 portfolio which has risen 11 places. The next two spots are taken by portfolios which whilst retaining a top 10 position, have dropped down the order. The AJ Bell Passive MPS 4 has fallen one place to number 5, whilst the Timeline 0.15% Tracker – 50 has fallen three places to number 6. Of the remaining top 10, Brewin Dolphin MPS Growth has moved up two places to number 7, whilst the last three places have all been taken by new entrants in the shape of Rockhold 50% Active 50% Passive Balanced Growth, Tatton Ethical Balanced, and Quilter WealthSelect Managed Active 6.  

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 shows, Tatton continues to clearly lead the way with advisers, having three solutions within the top 10 – and with the Ethical solution clearly defying those who felt ESG was no longer a talking or investing point. Brewin Dolphin have continued to be represented by two solutions and are now joined by Quilter WealthSelect who have joined the Top 10 for the first time this year with two entries. 

“For MPS managers, and advisers, 2024 was undoubtedly going to be a year like no other given geo-politically the number of global elections and the simple fact that around half the world’s population would be voting. For many, Q2 was dominated by the sudden and unexpected announcement of the UK election, catching many people out; most certainly not what the markets had been predicting and the ongoing continuing wait for the anticipated interest rate cuts, albeit these seem to have moved even further out into 2024 now.  

“As we reach the anniversary of the introduction of Consumer Duty, for advisers, the scrutiny and impact of ensuring that clients are receiving value for money and chosen solutions are delivering the expected returns in an appropriately risk adjusted manner has never been so important. 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. 

“The expansion of the MPS arena has and will undoubtedly continue throughout 2024 and it’s important that advisers are assisted in their decision making, due diligence and comparisons of potential solutions.” 

Defaqto Engage 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 £50bn annually go through the system. 

More information about Defaqto Engage can be found at www.defaqto.com/solutions/engage