Defaqto has named Timeline Classic – 50 as the most recommended MPS of 2023 among advisers.
Discretionary fund manager Timeline, founded by Abraham Okusanya in 2018, recently hit £3bn assets under management. Its Classic MPS ranges from 0-100% equity allocation with an average ongoing charges figure of 0.13-0.22%.
Data from the report is drawn from Defaqto Engage, which is used by more than 30% of advisers in the UK.
It depicts the most popular managed portfolio solutions chosen on the platform by a representational cross section of the UK IFA market, excluding recommendations made on vertically integrated distribution networks.
Two Brewin Dolphin offerings came second and third, following by the Waverton Growth and Balanced.
10 most recommended MPS by advisers in 2023
|Position||Proposition Name||% Share of Top 10|
|1||Timeline Classic – 50||14.1|
|2||Brewin Dolphin MPS Balanced||12.4|
|3||Brewin Dolphin MPS Growth||10.5|
|4||Waverton Growth Portfolio||10.3|
|5||Waverton Balanced Portfolio||9.7|
|6||Brooks Macdonald Medium Risk Active – Income & Growth||9.2|
|7||Tatton Tracker Balanced||9.1|
|8||Quilter WealthSelect Managed Blend 5||8.6|
|9||Tatton Core Balanced||8.5|
|10||Tatton Managed Active||7.7|
Andy Parsons, insight manager (Funds & DFM) at Defaqto, said: “As the table clearly shows, there are a variety of investment solutions being chosen across a multitude of varying style and risk levels.
“Whilst the summer months are often seen as a quieter time, given the holiday season getting into full swing, within the Financial Services world, all the attention and focus this year was on the much awaited and eagerly anticipated publication of the Consumer Duty reports by providers.
“With an ever-increasing regulatory burden and lack of time to spend thoroughly researching the investment universe, there has undoubtedly been a significant shift and focus on utilising ‘one stop shops’ whereby all the tough challenges of deciding asset allocation, geographical and sector preference, as well as growth versus value, mega cap versus small is all done for you.”