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.
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.
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.
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.
“The above article is intended to be a topical commentary and should not be construed as financial advice from either the author or Parmenion Capital Partners LLP. If a client wishes to obtain financial advice as to whether an investment is suitable for their needs, they should consult an authorised Financial Adviser. Past performance is not an indicator of future returns.”
Any news and/or views expressed within this document are intended as general information only and should not be viewed as a form of personal recommendation. All investment carries risk and it is important you understand this. If you are in any doubt about whether an investment is suitable for you, please contact your financial adviser.
