Defaqto has named its best model portfolio services for the first time.
Its inaugural comparator awards names the top performer across five categories.
The 2024 winners are:
- Defensive: Rivers cautious portfolio
- Cautious: Credo Map Core 45/55
- Balanced: Fundhouse SRI Global Growth
- Growth: Waverton Growth Portfolio
- Adventurous: Tatton Managed Global Equity
Andy Parsons, insight manager for investments at Defaqto, said the methodology is linked to the firm's MPS comparator tool which it launched in May.
Parsons said: "We have computed the leading models, per peer group, on a risk adjusted, five-year discrete net, performance basis, as at the end of March 2024.
"The awards are at individual platform MPS portfolio level and to aid the selection process, we identified the most consistent MPS portfolios within each Comparator based on a variety of quantitative data measurements. The results were then assessed and reviewed by the Defaqto Investment Committee.”
In each category, Defaqto also highlighted four highly commended MPS.
John Milliken, Defaqto CEO, said: “Everyone in the industry is talking about MPS, so we’re very excited to share this new insight and publicly recognise top-performing providers."
The firm said its MPS comparator assesses cost and performance of portfolios to help advisers meet consumer duty requirements.
Defaqto’s DFM coverage spans more than 120 DFMs and around 2,700 portfolios, providing data such as performance, fees, and asset allocation.
tara.o'connor@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com.
