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WealthSelect Managed Portfolio Service hits £5 billion milestone as it marks fourth anniversary 

01/05/2018

Quilter plc’s Multi-Asset business (Quilter Investors) today announces WealthSelect has surpassed £5 billion1 in client assets under management.

Total AuM in the WealthSelect range reached £5.1 billion at the end of Q1 2018. The landmark represents a significant milestone for the WealthSelect Managed Portfolio Service (MPS), which launched four years ago in Q1 2014.

WealthSelect brings together a selection of leading fund managers under a single range of investment portfolios managed by Stuart Clark.

By combining the scale and investment expertise of the Quilter group of companies, WealthSelect offers a fully outsourced portfolio solution for advisers and their clients.

The actively managed portfolios are constructed from Multi-Asset’s Global Partner funds, a researched range of leading investment managers offered through the MPS. They are available via Old Mutual Wealth’s platform through Isa, bond and pension wrappers and apply no additional charge for portfolio management.

The business has also announced today that Multi-Asset will rebrand to Quilter Investors at the end of June 2018. More information is available in a separate press release, which can be found on the media centre.

Portfolio manager, Stuart Clark says: “The success of the Wealth Select MPS service is a combination of our tactical investment allocation, and active fund management from our Global Partners, enveloped in an effective package for advisers and their clients.

 “The last four years have been nothing if not eventful, with rising global political tension, the return of market volatility, the advent of the Trump Presidency, the rise of populism in Europe and the changing political landscape in the UK. We’re delighted that our investment strategy has delivered for clients through that time and look forward to continuing that investment journey with them.”

Chief commercial officer, Dean Bowden says: “Four years on from the launch of our WealthSelect MPS service, we’re extremely proud of the way it has successfully pioneered a combination of best in breed fund managers, our bespoke reporting suite, and cost-effective portfolio management.”

 

1AuM as at 31 March 2018. Includes Blackrock AuM of £0.9 billion and Henderson AuM of £0.1 billion managed by third party providers. These assets are included in Quilter Wealth Solutions AuA of £49.7 billion at 31 March 2018. For more information on Quilter plc, refer to Investor Relations or Media Centre.

For more information contact

Michael Glenister020 7778 963807469 144535michael.glenister@omwealth.com

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 £118.7 billion in investments (as at 30 September 2019).

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: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

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

The Quilter plc businesses are being re-branded as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

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.