Quilter’s WealthSelect MPS passes £10bn in AUM

by | Nov 23, 2022

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Quilter has today announced that its WealthSelect Managed Portfolio Service has achieved £10bn in assets under management, making it one of the largest MPSs in the market.

Launched in February 2014, WealthSelect was introduced to help advisers outsource day-to-day portfolio management duties such as asset allocation and fund selection, so they can focus on providing quality financial advice to their clients.

Earlier this year, Quilter significantly expanded WealthSelect with the number of portfolios on offer increasing from 16 to 56, alongside a range of advice tools, creating the most comprehensive managed portfolio solution suite in the UK. Having started out with a range of active and blended portfolios, advisers now have the choice of passive portfolios as well as a range of responsible and sustainable investing options. This allows advisers to cater towards a broader range of client needs and deliver a more personalised investment service.

The portfolios are managed by Stuart Clark along with the Quilter investment team and the original 16 portfolios have performed well since inception. All 16 portfolios have outperformed their respective IA peer group since launch and the quality of the range is further demonstrated by the Defaqto five-diamond rating.

Stuart Clark, portfolio manager of WealthSelect, said: “I am incredibly proud WealthSelect has achieved the £10bn milestone and it is a great testament to the support I have had both internally at Quilter and also externally with the financial advice community.

“WealthSelect has had a lot to contend with over the years with the Brexit referendum, US/China trade war, the Covid pandemic, the Russia/Ukraine war and now a raging cost-of-living crisis. The portfolios, however, have stood the test of time and it is really pleasing they have seen clients through some difficult periods, as well as perform well during more sanguine times. With an extended range, we look forward to what the future holds for WealthSelect.”

David Tiller, commercial and propositions director at Quilter, added: “This is a fantastic achievement for WealthSelect and highlights the hard work and dedication the team has put into this solution. We do not want to rest on our laurels, however, and we are already building on this success with the launch earlier this year of our expanded range of portfolios, including responsible and sustainable investing options.

“Each client a financial adviser has will have their very own set of preferences and objectives and thus solutions have to keep up and offer the adviser an ability to personalise the investment to the client. WealthSelect does just this with its comprehensive offering across risk levels, investment styles and responsible investment preferences. As such, advisers can be assured they can effectively plan across every generation knowing there is a solution available to consider.”

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