Tatton Core Active has retained its position as the most recommended managed portfolio solution (MPS) in the first quarter of 2025, new research from Defaqto has revealed.
The findings are from Defaqto’s whole of market data which includes more than 18,000 funds and 2,900 DFM MPS portfolios, platforms and products.
Tatton Core Active topped the list of 10 most recommended MPS, with an 18.4% share, closely followed by Tatton Core Balanced, with a 15.9% share of the top 10. The two positions remain unchanged from the end of 2024.
Meanwhile, ebi Vantage Earth 60 rose 26 places from the end of 2024 to come third, with an 11.8% share.
Tatton Core Aggressive came fourth, edging up from 8th place at the end of 2024, while Waverton Balanced came in fifth place.
The lower half of the top 10 was fully occupied by Quilter WealthSelect, with three portfolios, and Tatton with a further two portfolios. Defaqto said Tatton and Quilter were the standout stars of its top 10 list, occupying eight of those positions.
Andy Parsons, head of investment and protection at Defaqto, said: “It is clear from the top 10, that unlike last year where for the same relevant period there were six different DFM providers represented, this year advisers have clearly aligned their new business recommendations to tried, tested and well-respected Tatton and Quilter WealthSelect ranges.
“As a percentage share of new business recommendations across the top 10, they achieved 58.1% and 21.58% respectively. Or looking at it another way, a combined total just shy of 80% of the value.
“Carrying on from being the most selected MPS in 2024, Tatton Core Active continues to not only lead the way through the first quarter of 2025, but the overall percentage share it has of the top 10, in new business recommendations value, has increased from 17.26% at the end of 2024 to 18.40%.
“With its stablemate the Core Balanced also retaining its second-place position, the pair in total account for just over one third of the value of new business recommendations within the top 10.”
Overall, there were four new entrants within the top 10.
Looking ahead, Defaqto said that the recent market volatility as a result of the US trade tariffs will create challenges for advisers over the coming months.
Parsons said: “It will be interesting to see the composition of the top 10 at the next quarter and whether behaviour and alignment has changed in any way.
“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.”
He added: “Transparency around the MPS arena will undoubtedly be a key focus in 2025, especially in light of the FCA announcement back in late February where it announced it would be taking a much closer look into this arena, from a Consumer Duty point of view.”
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