On 29 June this year, our dedicated Multi-Asset business renamed and rebranded to Quilter Investors.
As previously announced, we are making certain changes to the Old Mutual Wealth group. One key change is that we are gradually moving away from the name ‘Old Mutual’, and replacing this with ‘Quilter’. The first of our brands to adopt this new name was our Multi-Asset business, Old Mutual Investment Management Limited, which changed its name to Quilter Investors Limited on 29 June 2018.
As a result, the multi-asset funds offered by that business also changed names and there were some changes to the objectives of the funds. However, there was no change to the funds’ risk profiles, the cost of investing or the fund manager.
WealthSelect and the Managed Portfolio Service
As part of this change we updated the names and fund objectives of the current sub-advised mandate funds used in the WealthSelect Managed Portfolio Service, this allows us to more efficiently switch underlying fund managers where we believe it will enhance customer outcomes.