Tatton Core Active has been named the most recommended MPS investment solution in 2024, up from sixth place at the end of 2023, according to the latest data from Defaqto.
It was closely followed by its stablemate, the Tatton Core Balanced solution, which moved up from third place to second place.
Quilter WealthSelect Managed Blend 7, Quilter WealthSelect Managed Blend 6 and Quilter WealthSelect Managed Blend 5 followed in third, fourth and fifth place respectively.
Meanwhile, Waverton Growth Portfolio was named sixth most recommended MPS solution, while Rockhold 50% Active 50% Passive Balanced Growth soared into seventh place from position 223 a year earlier.
Defaqto’s data showed Tatton Core Aggressive to be the eighth most popular MPS solution, while Brewin Dolphin MPS Balanced came in ninth.
Quilter WealthSelect Managed Active 6 solution took tenth position.
The findings are from Defaqto’s whole of market data which includes more than 18,000 funds and 2,800 DFM MPS portfolios, platforms and products.
The market intelligence firm said only four solutions managed to retain their place within the top 10 compared to the end of 2023, and unlike 2023, when there were three entries, there is no out and out passive solution within the top 10.
Andy Parsons, insight manager (funds & DFM) at Defaqto, 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.”
Parsons said that it is clear from the changes within the top 10 that for advisers, 2024 brought a variety of geo-political and central bank challenges that had to be carefully considered when deciding upon solutions for their respective clients.
Looking ahead, the focus will be upon the new US president and what global challenges he will pose in terms of trade tariffs. Aside from geo-political concerns, Parsons said Consumer Duty remains front and centre for advisers, alongside the thematic review of ‘Retirement Income Advice’.
