Investments have been made across a variety of tax wrappers: 45% pension, 32% Isa, 18% unwrapped, 5.0% bond with strong portfolio performance. For example, looking at the pension portfolios, risk level 3 produced a total return of 8.79%, risk level 5 of 11.68% and risk level 10 of 16.28%. Each risk category performed in line with expectations.
Since launch, over 70% of the investment managers selected to run sub-advised mandates have out-performed against their peer-group.
Old Mutual Wealth investment expert, Dean Bowden, says:
“The WealthSelect managed portfolio service has delivered on its promise of a cost-effective investment solution offering reliable performance within risk parameters set by the customer.
“The investment expertise of Old Mutual Global Investors and best in breed fund managers selected to run sub-advised mandates, combined with the scale of and distribution capability of Old Mutual Wealth, has successfully led to the construction of what we believe is a compelling proposition for clients and advisers.
“This is illustrated by the fact that over 9,000 customers with £860m in assets have chosen WealthSelect.”