Due diligence update: Defaqto platform ratings

Defaqto

For financial professionals only

We’re pleased to confirm that we’ve maintained excellent Defaqto platform and features ratings for 2022.

Defaqto Star Ratings are one of the most trusted expert assessment of UK financial products as they’re based on tested facts, not subjective opinions. Based on scoring a detailed matrix of propositional features and updated annually following industry consultation and Defaqto’s own market research, they give advisers and their clients an objective and transparent view of our platform and service.

By providing an accurate benchmark, Star Ratings help consumers, advisers and brokers see, at a glance, how financial products compare. This gives them a choice based on quality, rather than price alone. The distinctive Star Rating logos are highly recognised by consumers and inspire confidence in adviser recommendations.

Including our latest Defaqto ratings in firm due diligence records can play a valuable role in fulfilling your regulatory requirement of keeping provider due diligence up to date.

Our 2022 star ratings

Stars (All)

As a platform with an intense focus on discretionary management to support adviser CIP, we’re proud to have 5 star ratings for our MPS – Managed Portfolio Service offering, our Drawdown capabilities and Pension wrapper. And for the platform itself to have a 4 star rating. We have detailed plans to extend the range of our platform’s propositional features in 2022 to take it to an even more compelling level.

Our 2022 service ratings

Gold

What makes Parmenion such a special partner for financial advisers is a relentless focus on service quality. When combined with standout propositional features, this high quality user experience is an important aspect to reflect in the annual due diligence assessment of investment partners.

Defaqto Service ratings are based on surveys of financial advisers who assess the experience they’ve had using our platform and from recommending our service to clients, in comparison to others. We’re therefore very proud to be recognised in three key areas for the highest standard of customer experience – when advisers are using the Platform, selecting our DFM offering and recommending our Pension wrapper.

This article is for financial professionals only. Any information contained within is of a general nature and should not be construed as a form of personal recommendation or financial advice. Nor is the information to be considered an offer or solicitation to deal in any financial instrument or to engage in any investment service or activity.

Parmenion accepts no duty of care or liability for loss arising from any person acting, or refraining from acting, as a result of any information contained within this article. All investment carries risk. The value of investments, and the income from them, can go down as well as up and investors may get back less than they put in. Past performance is not a reliable indicator of future returns.  

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