Tatton Core Active remained the most recommended platform managed portfolio solution (MPS) in the second quarter of the year

While Tatton was the most recommend platform-managed MPS, its percentage share of the latest top 10 table compiled by data provider Defaqto fell from 15.7% to 14.34% compared to the previous quarter.

Second-placed Tatton Core Balance closed the gap, with its percentage share climbing from 12.9% to 13.76%.

Third in the table was Brewin Dolphin MPS Balanced portfolio, which climbed from seventh, while highest top 10 new entrant was the Quilter WealthSelect Managed Blend 6 portfolio which rose 11 places to fourth, from 15^th.

Andy Parsons, insight manager (funds & DFM) at Defaqto, said: “As the table (below) shows, Tatton continues to clearly lead the way with advisers, having three solutions within the top 10 – and with the ethical solution clearly defying those who felt ESG was no longer a talking or investing point.

"Brewin Dolphin has continued to be represented by two solutions and is now joined by Quilter WealthSelect who have joined the Top 10 for the first time this year with two entries.”

The top 10 most recommended single asset funds by value for the second quarter of the year saw Terry Smith and his behemoth Fundsmith Equity fund drop down a place to second, replaced at the top by the Vanguard LifeStrategy 100% Equity fund.

Andy Parsons, said: “The positive sentiment that markets had at the start of the year, shows no sign of abating, with advisers clearly showing a preference for equities and in particular still favouring the US, Global and Technology focused themes.”

Moving up a place to take the number 1 spot in the top 10 most recommended Multi-Asset investment solutions by value is the Vanguard Lifestrategy 80% Equity Fund, taking over the position from its stablemate the Vanguard LifeStrategy 60% Equity and clearly showing adviser appetite for a higher allocation to equities.

Mr Parsons, said: “The ongoing debate as to whether the answer should be multi-asset or MPS shows no sign of abating, however for many advisers, the answer is undoubtedly both can very easily co-exist, and is very much dependent on an individual client’s personal circumstances.

“The multi-asset top 10 is dominated by three prominent providers, Vanguard leading the way with three solutions, whereas both HSBC and BNY Mellon are represented twice.”

The data for the tables was provided by Defaqto Engage.