Defaqto has revealed the top 10 most recommended platform managed portfolio solutions (MPS) from 2024 by value, with Tatton Core Active taking the top spot.

Tatton Core Balanced took second place, with both the Tatton entries retaining their top two positions from Defaqto’s July update.

Defaqto’s data is drawn from Defaqto Engage, an adviser research software used by more than 30 per cent of advisers in the UK, and depicts the most popular MPS chosen through the software, excluding recommendations made by vertically integrated distribution networks.

Quilter MPS made up the rest of the top five, with its WealthSelect Managed Blend 7, WealthSelect Managed Blend 6, and WealthSelect Managed Blend 5 the third, fourth, and fifth most recommended MPS investments respectively.

Rounding out the top 10 in descending order were: Waverton Growth Portfolio; Rockhold 50 per cent Active 50 per cent Passive Balanced Growth; Tatton Core Aggressive; Brewin Dolphin MPS Balanced; and Quilter WealthSelect Managed Active 6.

Only four MPS (Tatton Core Balanced, Tatton Core Active, Brewin Dolphin MPS Balanced, and Waverton Growth Portfolio) retained a position in the top 10 from the end of 2023.

Rockhold 50 per cent Active 50 per cent Passive Balanced Growth was the MPS that rose the greatest number of places in Defaqto’s list, climbing 216 spots to seventh place.

Defaqto also highlighted that, unlike in 2023 when there were three entries, there was no out and out passive solution in the top 10 at the end of last year.

Commenting on the findings, Defaqto insight manager (funds & DFM), Andy Parsons, said: “Tatton Core Active led the way all year in the number one spot, whilst two of its stablemates (Tatton Core Balanced and Tatton Core Aggressive) also attained places within the top 10 in second and eighth places respectively.

“The most notable new entrants came from the Quilter WealthSelect stable, with four of their solutions represented, and of which three from the ‘Managed Blend’ range found their way into the top five.

“It is clear from the changes within the top 10 that for advisers, 2024 brought a variety of external geo-political and central bank challenges that had to be carefully considered when deciding upon solutions for their respective clients.

“As we move into 2025, attention and focus will immediately be drawn to the upcoming inauguration of the new US President and what rhetoric and global challenges he will pose in terms of trade tariffs.

“Aside from the continuing geo-political concerns, especially around the Ukraine conflict and Middle East tension, commentators and industry experts are patiently awaiting the next moves by the Bank of England and Federal Reserve. Both have given clear indications that cuts can be expected – all that remains to be seen, is how many, by how much and when.

“For advisers, Consumer Duty remains front and centre, 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 and transparency of the MPS arena will undoubtedly continue throughout 2025 and it’s important that advisers are assisted in their decision making, due diligence and comparisons of potential solutions.”

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