New VCT and EIS ratings from Defaqto

27 November 2023

Defaqto has launched new ratings for Enterprise Investment Schemes and Venture Capital Trusts as it seeks to raise the profile of both markets.

The market intelligence provider has added star and diamond ratings, which will leverage investment specialist MICAP’s data on the tax-advantaged market and apply Defaqto’s methodology to assess quality and performance. A star rating is a measure of the quality of features, whilst a diamond rating is an indication of product performance.

MICAP, which Defaqto acquired in July, is currently used by more than 1,000 advisers and wealth management firms and provides independent information on VCT, EIS, SEIS and Business Relief products.

John Milliken, CEO of Defaqto, said: “By combining Defaqto’s mission-critical technology and unrivalled understanding of financial planners’ needs with MICAP’s specialist data, we are perfectly placed to support advisers and inform consumers in the tax-advantaged investment market.

“The new star and diamond ratings for EIS funds and VCTs will help advisers when they discuss tax-advantaged investment options with their clients and also when they evidence their recommendations. It’s a massive opportunity to raise the profile of a market segment that is really important to us and our customers.”

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Professional Paraplanner