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WealthSelect hits £2 billion milestone


Old Mutual Wealth is today announcing WealthSelect, the managed portfolio service launched in 2014, has surpassed £2 billion in assets under management (AUM).

Strong sales combined with positive investment performance saw WealthSelect surpass the £2 billion AUM milestone shortly after the two-year anniversary of its February 2014 launch.


Pension investments have been a significant driver of growth, with 48% of all WealthSelect assets held in a Collective Retirement Account on the Old Mutual Wealth platform.

Just under 30% is held in ISAs, with the remainder invested through Collective Investment Accounts and Collective Investment Bonds.

Over 1,000 advisers have recommended the portfolios, with over 28,000 policies held by more than 21,000 clients.


WealthSelect offers a range of managed portfolios tailored to the needs of a variety of risk profiles. The proposition offers portfolios of actively managed funds, which account for 78% of all assets. The remaining investments are held in passive-blend portfolios that include lower-cost index funds.

Funds within the portfolios are run as sub-advised mandates, with Old Mutual Wealth using its distribution capabilities to secure discounted terms from investment managers. The average WealthSelect fund has an annual management charge (AMC) of 0.52%, with funds managed across a range of 13 different investment managers.

Relative to their peer group, three quarters (74%) of the funds are either first or second quartile since launch.

The Old Mutual Wealth Investment Division multi-asset unit is responsible for the ongoing management of the portfolios, delivering strong investment performance since launch:



Since launch (%)

CRA 3 Active


CRA 4 Active


CRA 5 Active


CRA 6 Active


CRA 7 Active


CRA 8 Active


CRA 9 Active


CRA 10 Active



Old Mutual Wealth investment platforms CEO Steven Levin (right) says:

“We’re extremely pleased to reach the £2 billion milestone in just over two years.

“Positive growth in AUM shows the proposition is gaining substantial traction with advisers and their clients looking for a cost-effective investment solution offering reliable performance within clearly defined risk parameters.

“Reaching this milestone is testament to the investment expertise of Old Mutual Global Investors and our leading fund group partners within WealthSelect, combined with the scale and distribution capability of Old Mutual Wealth.”

Old Mutual Wealth Investment Division portfolio manager Stuart Clark says:

“Despite often challenging market conditions, the WealthSelect portfolios have consistently delivered positive returns for clients and we are delighted by the fantastic support we've received from financial advisers.

“We will continue to work with world class fund managers and utilise the skills of the Old Mutual Wealth Investment Division team to develop the portfolios in line with clients evolving investment needs.”

For more information contact:

Tim Skelton-Smith 
Lead Corporate Communications Manager |  Old Mutual Wealth 

M: 07824 145076

T: 02380 916998 | Ext: 21998
E: | W:


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; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, 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

• The private client advisers business is now 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.