Tatton Asset Management, Timeline and AJ Bell made up the top three firms in Defaqto’s first quarter of 2024 MPS rankings.
The firm compiles the top 10 rankings by the value of adviser recommended business received by platform managed portfolio solutions. The data is drawn from users of its Defaqto Engage software.
The number one and two spots were claimed by Tatton’s Core Active and Core Balanced MPS with 15.7% and 12.9% of total volume respectively. Tatton Core Active jumped in popularity having been only the sixth most popular MPS in 2023.
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Timeline Tracker 50 grabbed third place as a new entry into the rankings with 10.5% of recommended volume. AJ Bell took fourth with its Passive MPS 4 sweeping in 9.7% of all volume recorded by Defaqto.
The first quarter of 2024 has seen four new entrants, with Rockhold Active Adventurous and Albemarle ASPIM Growth 6 solutions being the most notable climbers.
The full top 10:
| Position Q1 2024 | Proposition name | Position end 2023 | Movement up/down | % Share of top 10 |
| 1 | Tatton Core Active | 6 | +5 | 15.7 |
| 2 | Tatton Core Balanced | 3 | +1 | 12.9 |
| 3 | Timeline Tracker 50 | 56 | +53 | 10.5 |
| 4 | AJ Bell Passive MPS 4 | 15 | +11 | 9.7 |
| 5 | Timeline Classic 50 | 1 | -4 | 9.6 |
| 6 | Rockhold Active Adventurous | 205 | +199 | 9.5 |
| 7 | Brewin Dolphin MPS Balanced | 4 | -3 | 8.3 |
| 8 | Tatton Tracker Balanced | 8 | – | 8.2 |
| 9 | Brewin Dolphin MPS Growth | 2 | -7 | 8.1 |
| 10 | Albemarle ASPIM Growth 6 | 67 | +57 | 7.6 |
Turning to multi-asset funds, Defaqto’s rankings were dominated by Vanguard and HSBC. Vanguard LifeStrategy 60% Equity fund was the most recommended by advisers, Vanguard LifeStrategy 80% Equity was second, HSBC Global Strategy Balanced came in third and HSBC Global Strategy Dynamic took fourth place.
The full top 10:
| Position Q1 2024 | Proposition name | Position end of 2023 | Movement up/down | % Share of top 10 |
| 1 | Vanguard LifeStrategy 60% Equity | 1 | – | 15.7 |
| 2 | Vanguard LifeStrategy 80% Equity | 2 | – | 15.5 |
| 3 | HSBC Global Strategy Balanced | 4 | +1 | 14.5 |
| 4 | HSBC Global Strategy Dynamic | 9 | +5 | 11.6 |
| 5 | Artemis Monthly Distribution | 18 | +13 | 10.8 |
| 6 | BNY Mellon Multi-Asset Balanced | 3 | -3 | 8.2 |
| 7 | VT AJ Bell Balanced | 17 | +10 | 6.5 |
| 8 | Royal London Sustainable Diversified | 8 | – | 5.9 |
| 9 | Vanguard SustainableLife 60-70% Equity | 6 | -3 | 5.8 |
| 10 | BNY Mellon Multi-Asset Growth | 10 | – | 5.5 |
Andy Parsons, insight manager at Defaqto (pictured), said: “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.
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“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 will undoubtedly continue throughout 2024 and its important that advisers are assisted in their decision making, due diligence and comparisons of potential solutions.”
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