Defaqto has published its lists of the top 10 most recommended platform managed portfolio solutions (MPS) and multi-asset investment solutions by value for 2025.

Using data from its Engage adviser research software, Defaqto revealed that Tatton Core Balanced rose one place to first in the MPS list, with a 13.95 per cent share of the top 10.

In the MPS list, only four solutions managed to retain their place within the top 10, while five of the new entrants were passive solutions after there were none in 2024.

Timeline 0.09% Tracker – 80 came second with a 13.31 per cent share of the top 10 and was a new entrant, followed by last year’s number one Tatton Core Active in third with a 13.16 per cent share.

Timeline 0.09% Tracker – 60 was fourth with 10.82 per cent, followed by Quilter WealthSelect Managed Blend 6 (9.19 per cent), Tatton Tracker Balanced (8.9 per cent), Tatton Tracker Active (8.42 per cent), Ebi Vantage Earth 60 (7.84 per cent), Tatton Core Aggressive (7.62 per cent), and Tatton Tracker Aggressive (6.79 per cent).

“Whilst the Tatton Core Balanced finishes the year in the number one spot, Tatton Investment Management dominated the top 10, with a further five of its portfolio offerings occupying places,” said Defaqto head of investment & protection, Andy Parsons.

“It is evident from the changes within the top 10, for advisers, 2025 provided a dilemma when seeking and identifying how to select propositions with a higher equity allocation; given the 50/50 split between active and passive solutions.

“2025 continued to see new MPS portfolios launched on the broad and varied adviser platforms, albeit the numbers were considerably down compared to recent years.

“Undoubtedly 2026 will still see the emergence of new entrants and expansions of ranges already well established. However, for Advisers undertaking due diligence across a part of the investment industry that still retains an air of opaqueness can be very challenging.”

Meanwhile, in the top 10 list of multi-asset investment solutions, HSBC Global Strategy Balanced retained its top spot in 2025 with an 18.61 per cent share of the top 10.

Unlike the top 10 for MPS, which saw six new entrants, the multi-asset top 10 remained fairly consistent with only four new entries, three of which were in the top 20 at the end of 2024.

HSBC also took second place with its Global Strategy Dynamic fund (15.14 per cent), followed by Vanguard LifeStrategy 60% Equity (14.8 per cent), and Vanguard LifeStrategy 80% Equity (13.03 per cent).

Orbis OEIC Global Balanced was a new entrant at number five with a 8.35 per cent share, followed by BNY Mellon Multi-Asset Balanced (6.87 per cent), CT Universal MAP Growth (6.48 per cent), CT Universal MAP Balanced (6.28 per cent), Artemis Monthly Distribution (6.12 per cent), and Dimensional World Allocation 80/20 (4.28 per cent).

“Over the past five years or so, multi-asset solutions have had to face into the wave of MPS propositions brought to the market to challenge their dominance and seek a cut of the market share,” Parsons stated.

“The debate as to which is most suitable will continue. For advisers though, the answer is undoubtedly both can very easily co-exist side by side in well-defined CIPs & CRPs and is very much dependent on an individual clients’ personal circumstances.

“And whilst there is an abundance of choice within the multi-asset marketplace for advisers to choose from, as the top 10 constituents show, they have predominantly remained consistent.”

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