Defaqto names Timeline Classic – 50 as most recommended MPS by advisers

While Brewin Dolphin, Brooks Macdonald and Quilter products make the top 10


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.

See also: Evelyn Partners Core MPS team increases government bond exposure

10 most recommended MPS by advisers in 2023

PositionProposition Name% Share of Top 10
1Timeline Classic – 5014.1
2Brewin Dolphin MPS Balanced12.4
3Brewin Dolphin MPS Growth10.5
4Waverton Growth Portfolio10.3
5Waverton Balanced Portfolio9.7
6Brooks Macdonald Medium Risk Active – Income & Growth9.2
7Tatton Tracker Balanced9.1
8Quilter WealthSelect Managed Blend 58.6
9Tatton Core Balanced8.5
10Tatton Managed Active7.7
Source: Defaqto

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.”

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