WealthSelect assets hit £860 million after one year
Share
Print
Print Share

WealthSelect assets hit £860 million after one year

03/03/2015

Total assets in Old Mutual Wealth’s range of managed investment portfolios, WealthSelect, stand at £860 million, with investments by more than 9,000 clients since launch on 24 February 2014.

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.”

For more information please contact

Michael GlenisterOld Mutual Wealth 0207 7789 63807469 144 535
Tim Skelton-SmithOld Mutual Wealth 02380 916 99807824 145 076

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £116.5 billion in customer investments (as at 30 June 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• Private Client Advisers to Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.