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 Q3 2024.
The findings are from Defaqto’s whole of market data which includes more than 18,000 funds, and 2,700 DFM MPS portfolios, platforms and products.
Overall, the top 10 is represented by six different DFM providers. Tatton Core Active has retained the top step, when compared against Q2, however, there has been plenty of movement in the positions below.
Quilter WealthSelect and their ‘managed’ range dominate the top 10 with a total of four entries. Climbing two places to second spot is the Quilter WealthSelect Managed Blend 6, followed by Tatton Core Balanced which has dropped a place to third. The next two places go to further propositions from the Quilter WealthSelect Manged Blend range with their 7 & 5 portfolios climbing into the top 10 for the first time in fourth and fifth respectively.
In sixth place and another climber was the Rockhold 50% Active 50% Passive Balanced Growth, followed by the Waverton Growth Portfolio, which appears for the first time in the top 10 this year having previously been a constituent in 2023. Brewin Dolphin MPS Balanced portfolio, retains its position within the top 10, albeit falling five places to eighth, whilst the AJ Bell Passive MPS4 has fallen four places to ninth. The final position is taken by Quilter’s fourth proposition in the top 10 with its WealthSelect, Managed Active 6.
| Rank | Proposition Name | Position end Q1 2024 | Movement up / down | % Share of Top 10 |
| 1 | Tatton Core Active | 1 | – | 15.97 |
| 2 | Quilter WealthSelect Managed Blend 6 | 4 | +2 | 12.48 |
| 3 | Tatton Core Balanced | 2 | -1 | 12.37 |
| 4 | Quilter WealthSelect Managed Blend 7 | 11 | +7 | 10.99 |
| 5 | Quilter WealthSelect Managed Blend 5 | 22 | +17 | 9.01 |
| 6 | Rockhold 50% Active 50% Passive Balanced Growth | 8 | +2 | 8.45 |
| 7 | Waverton Growth Portfolio | 21 | +14 | 8.39 |
| 8 | Brewin Dolphin MPS Balanced | 3 | -5 | 8.38 |
| 9 | AJ Bell Passive MPS4 | 5 | -4 | 7.28 |
| 10 | Quilter WealthSelect Managed Active 6 | 10 | – | 6.67 |
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:
“Tatton Core Active continues to clearly lead the way with advisers and has held the number 1 spot all year so far. The most notable change is the dominance of Quilter WealthSelect within the top 10 with four of their portfolios being represented.”
“For MPS managers and advisers, 2024 has brought a variety of external geo-political and central bank challenges. As we head into the latter part of 2024, attention and focus is drawn towards the upcoming US election, in what will undoubtedly be a close race, whereas elsewhere, concerns continue over rising tension in the Middle East and potential for a major escalation alongside the ongoing war in the Ukraine. Aside from the geo-political concerns, commentators and industry experts are patiently awaiting the next moves by the Bank of England and Federal Reserve and when they will announce further rate cuts. The question being whether markets will see one or two before the end of the year.”
“For advisers, Consumer Duty remains front and centre of their minds, alongside the thematic review of ‘Retirement Income Advice’ and ensuring their clients are receiving appropriate advice when considering their income needs in retirement. 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. The launch of our MPS Comparator within Defaqto Engage provides advisers with a clear and reliable tool that enables comparisons on a like-for-like basis.”
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. 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