Defaqto Engage adds over 1,000 DFM funds

Adviser data and ratings provider Defaqto has added 1,047 risk-rated funds and DFM Model Portfolios to its Financial Planning software Defaqto Engage. The firm, which also provides data on SIPPs and SSAS products, says the risk-rated funds have been integrated into Defaqto Engage’s investment workflow enabling planners to use the information as part of the planning process. Defaqto Risk Ratings allow funds and DFM Model Portfolios to be assessed in terms of their risk and suitability for clients. The fund’s risk rating is based on its historic and expected volatility and can be matched to a client’s risk profile if they have completed an attitude to risk questionnaire. Defaqto risk-rated funds and DFMs are mapped to 10 Defaqto Risk Profiles and reviewed quarterly. Pan Andreas, head of insight and consulting (funds and DFM) at Defaqto, said: “We’re delighted to have reached over 1000 risk-rated funds and DFM MPSs. “Risk mapping reduces compliance risks for advisers, helping to ensure suitability for their clients. The company says that despite the challenges of 2020 overall business from advisers has continued mostly as usual, with £25bn worth of recommendations made in Engage over the last 12 months. The company has added risk ratings, qualitative fund reviews and ESG reviews this year to Defaqto Engage. Defaqto has been operating for over 25 years and employs over 60 analysts who sift through more than 43,000 financial products and funds. • Financial Planning Today magazine lists nearly all UK DFMs and MPS funds in each issue with key criteria listed. Preview the magazine here and find out more about subscribing: https://bit.ly/2ZdVXWz

Defaqto Engage adds over 1,000 DFM funds

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