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.