Our Defaqto ratings are in!

For financial professionals only

We are delighted to share our latest ratings from Defaqto, whose detailed market comparisons have concluded yet again that Parmenion’s service, our proposition and the risk and performance characteristics of our portfolios are among the very best available.

Achieving the highest possible Defaqto ratings year on year is no mean feat. These ratings are independently researched and assessed by industry experts, who select and analyse up to 100 features for every product across the entire market.

Perhaps it’s that objectivity that makes them so well recognised and understood. 74% of the general public and 98% of financial advisers recognise the Defaqto brand.

Here’s how Defaqto rated us this year:

Gold for service

Parmenion are rated Gold in three areas: Platform Service, DFM Service and SIPP Service. These are the highest available ratings and particularly pleasing because they take into account feedback from the people whose views matter to us most – advisers and administrators.

Defaqto Platform Service Gold 2021 logo

5 Stars for proposition 

We’ve achieved 5 Stars for our Adviser Platform and our MPS DFM offer, while our Parmenion SIPP has 5-star ratings in both the Drawdown and Personal Pension categories. These ratings are based on scoring each of those propositional features against published criteria. The scoring is interrogated, debated and updated each year by an industry forum.

Defaqto Adviser Platform Rating 2021

Risk rated portfolios

Defaqto’s Engage and Centra (SimplyBiz) advice systems help advisers to recommend portfolios to their clients through a range of advice journeys and using a variety of risk profiling tools. To support those journeys, the following Parmenion portfolios are risk rated by Defaqto:

  • PIM Strategic Multi Option Active and Passive
  • PIM Strategic Conviction
  • PIM Strategic Ethical A, B, C and D
  • PIM Strategic Guardian
  • PIM Tactical Active
  • PIM Tactical Income
  • Distribution Technology Multi-Option Active and Passive

Diamond rated portfolio performance

Defaqto’s Diamond ratings assess performance for risk adjusted efficiency, consistency and cost effectiveness – key characteristics to retain confidence in investment solutions.

All our Risk Rated portfolios in the list above have achieved 5 Diamond ratings, with the exception of Conviction and Tactical Income which both have 4 Diamond ratings. This is the first year that Guardian and Tactical Active solutions have been rated, so it’s an impressive start for both solutions to be rated at the highest level.

Defaqt oDFM MPS Direct Family Rating Category 2021

Ratings do make a difference

Defaqto research has shown that customers are more likely to choose a product with a Defaqto rating over one with similar features and cost, but no rating. We hope they’ll help inspire confidence in your conversations with clients.

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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