Quilter has announced it will be adding its popular WealthSelect Managed Portfolio Service to third-party platforms for the first time.
Previously only available via the Quilter platform, WealthSelect has grown to be one of the largest managed portfolios services in the market with over £14bn in assets under management (AUM).
WealthSelect will initially be added to the Parmenion, M&G and Morningstar platforms, with more expected to follow shortly after.
This month, it has celebrated 10 years in operation and has been managed by portfolio manager Stuart Clark since inception.
Bethan Dixon joined Stuart Clark in 2022 following an expansion of the range, with Helen Bradshaw also becoming a portfolio manager on the range in 2023.
Having started out with a range of active and blended portfolios, since 2022 advisers have had the choice of passive portfolios as well as a range of responsible and sustainable investment options.
This made WealthSelect one of the most comprehensive managed portfolio solutions in the UK and allows advisers to cater towards a broader range of client needs and deliver a more personalised investment service.
According to NextWealth’s latest MPS Proposition Comparison Report, WealthSelect was the fastest growing MPS by net asset growth, with £2.6bn in assets added in the year up to 30 September 2023.
Since inception, WealthSelect has been one of the best performing managed portfolio services in the market.
Quilter chief executive Steven Levin said: “WealthSelect has been a real success story in terms of helping clients achieve their financial goals over the past decade.
“MPS solutions are now a crucial part of the adviser toolkit and we provide one of the most comprehensive solutions in the market. We want advisers to have greater access and choice and thus the time feels right to add WealthSelect to other platforms.
“The strong investment performance is also testament to the hard work and determination of Stuart, Helen and Bethan, and I am excited about the potential for further growth as we add WealthSelect to other platforms.”
Portfolio manager Stuart Clark added: “WealthSelect has been a large part of my career to date, and I am especially proud to have managed the portfolios from launch to the 10-year anniversary.
“Despite the challenges the market has thrown up over the years, WealthSelect has continued to deliver good risk-adjusted returns.
“There has been a huge amount of upheaval in the past decade with the likes of the Covid pandemic, Russia’s invasion of Ukraine, the Brexit referendum and the most aggressive rate-hiking cycle in history.
“The next decade shows no signs of slowing down, but I am excited to see advisers have even greater access to WealthSelect as we roll it out across the platform market.”
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