WealthSelect: Invest without compromise
WealthSelect, the UK’s most comprehensive managed portfolio service, has grown from strength-to-strength in the decade since its inception. It is now the investment solution of choice for more than 2,200 financial adviser firms.
For financial advisers only.
Past performance is not a guide to future performance and may not be repeated. Investment involves risk. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rates may cause the value of overseas investments to rise or fall. www.quilter.com Please be aware that calls and electronic communications may be recorded for monitoring, regulatory and training purposes and records are available for at least five years. The WealthSelect Managed Portfolio Service is provided by Quilter Investment Platform Limited and Quilter Life & Pensions Limited. “Quilter” is the trading name of Quilter Investment Platform Limited (which also provides an Individual Savings Account (ISA), Junior ISA (JISA) and Collective Investment Account (CIA)) and Quilter Life & Pensions Limited (which also provides a Collective Retirement Account (CRA) and Collective Investment Bonds (CIB)). Quilter Investment Platform Limited and Quilter Life & Pensions Limited are registered in England and Wales under numbers 1680071 and 4163431 respectively. Registered office at Senator House, 85 Queen Victoria Street, London, United Kingdom, EC4V 4AB. Quilter Investment Platform Limited is authorised and regulated by the Financial Conduct Authority. Quilter Life & Pensions Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their Financial Services register numbers are 165359 and 207977 respectively. VAT number 386 1301 59. Quilter uses all reasonable skill and care in compiling the information in this communication and in ensuring its accuracy, but no assurances or warranties are given. You should not rely on the information in this communication in making investment decisions. Nothing in this communication constitutes advice or personal recommendation. Data from third parties (“Third-Party Data”) may be included in this communication and those third parties do not accept any liability for errors and omissions. Therefore, you should make sure you understand certain important information, which can be found at www.quilter.com/third-party-data. Where this communication contains Third-Party Data, Quilter Investors cannot guarantee the accuracy, reliability or completeness of such Third-Party Data and accepts no responsibility or liability whatsoever in respect of such Third-Party Data. QIP 23205_28_6422/March 2024
Source: Quilter. Assets under management as at 24 February 2024 and adviser and investor numbers as at 31 December 2023.
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Flexibility and choice
Delivering on your promises
Outstanding performance
WealthSelect is the first port of call for over 2,100 financial adviser firms across the UK.
WealthSelect is the investment of choice for more than 77,000 investors and their families.
WealthSelect is trusted with over £11bn of savings from investors.
2,100
financial adviser firms
77,000
investors and their families
£11bn
assets under management
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In its 10th year, carefully-managed investment allocations in rising markets, combined with more than 14,000 new investors, saw WealthSelect grow to manage more than £14bn of investors’ money. Cementing WealthSelect’s place as one of the UK’s most trusted managed portfolio services.
However, with continually-shifting financial markets, and the ever-changing regulatory landscape, how does WealthSelect continue to offer you the flexibility, choice, and performance to deliver on the promises you have made to your clients?
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4 mins
When WealthSelect was launched a decade ago, to meet the evolving needs of advisers and their clients alike, it consisted of eight actively-managed portfolios, and eight blended portfolios, combining both active and passive funds.
Empowering you
The continually evolving regulatory landscape can be overwhelming. WealthSelect can help lower your regulatory risk and reduce the administration for you, your business, and your clients. We manage all the fund research, monitoring, asset allocation, rebalancing, governance, and reporting for you. This means you can dedicate more time to the financial planning needs of your clients and build long-term, valuable relationships. At a time when you are inundated with increased regulatory demands across your whole business, WealthSelect enables you to outsource both the ongoing management of your clients' investments, and the regulatory burden that accompanies it, to our team of investment experts.
A depth and breadth of talent
Stuart Clark has been managing WealthSelect since its launch in 2014 creating an enviable track record of consistent outperformance. In 2022 the team was expanded when Bethan Dixon joined as a portfolio manager, with Helen Bradshaw joining the team in 2023. Our portfolio management team are supported by our dedicated research hub, which combines our manager research, responsible investment, and operational due diligence teams. This, along with our implementation, risk, and governance infrastructure, ensures we have the depth and breadth of investment expertise to manage portfolios that meet a wide range of your clients’ needs.
In 2022, the consistency and success of WealthSelect, alongside our enduring ambition to help you meet the needs and preferences of a wider range of your clients, saw us introduce eight, passively-managed portfolios. At the same time, to meet growing demand, we launched 24 Responsible Portfolios and eight actively-managed Sustainable Portfolios, bringing the total number of portfolios to 56.
We also understand that no one can be an expert at everything all the time. So, we harness the power of our WealthSelect global partners to manage the investment strategies and funds used with WealthSelect. Where appropriate, we ask our WealthSelect global partners to manage the selected investment strategy as a sub-advised mandate. This approach can offer many benefits and advantages to you and your clients including:
A partnership of expertise
enhanced control – we are able to refine an investment strategy to reflect a desired investment objective greater transparency – we have real-time access to the underlying holdings to offer better insight and data increased flexibility – we can change an investment adviser far more efficiently than a standard fund switch
Spanning the world from San Francisco to Singapore, our WealthSelect global partners offer access to a wealth of insight and expertise – all of which we’ve brought together to make life easier for you and your clients.
Managed
Active Blend Passive
Active
Sustainable
Responsible
Each available across eight risk levels.
The different options across a broad range of responsible investment considerations, gives you the flexibility to tailor investment solutions to your clients based on their unique needs and preferences. Enabling you to select a portfolio that aligns with the needs and preferences of your clients today, while having the flexibility to adapt in the future, all within one investment solution.
Although WealthSelect investors had historically been well-rewarded for the portfolios’ distinctive underweight to traditional fixed-income assets, by October pricing opportunities in government bond markets were too good to ignore.
You are here
Since their launch in 2014, the WealthSelect Managed Active and Managed Blend Portfolios have all delivered exceptional performance when compared to their respective performance comparators. However, we know this is only delivering part of the consideration when recommending an investment solution to your clients.
Source: Quilter. Ten-year forward-looking volatility of the portfolios at time of each rebalance over period 24 February 2014 to 5 March 2024. The WealthSelect Managed Active Portfolios launched on 24 February 2014 and the WealthSelect Responsible and WealthSelect Sustainable Portfolios launched on 8 March 2022.
We understand that when you choose WealthSelect, you need to be sure that it will behave in the way that you have described to your clients. This means it needs to not only deliver the exceptional returns you would expect from a market-leading investment solution, but also be managed within its stated risk target.
WealthSelect is built upon an established, successful investment process that maximises the potential return for a given level of risk. To achieve this, our portfolio managers combine inputs from industry-leading providers of asset allocation research with their own data and analysis to build the optimal portfolios from both a risk and return perspective. The success of our approach is evidenced by how the portfolios have remained firmly within the upper and lower bounds of the volatility targets set out in each portfolio’s objective since their launch 10 years ago.
A strong starting point
Staying within the lines
Our considered approach to portfolio management is demonstrated by the changing positioning of the portfolio between the upper and lower risk limits depending on the prevailing market conditions. Whether this was the reduction of risk in the portfolios prior to the UK Brexit vote in 2016, and the further reductions in the immediate wake of the referendum. Or the following years in 2017 and 2018, when investment risk was steadily raised towards the upper limit of the volatility target before reaching its highest level in late 2018. Our portfolio managers continually monitor the portfolios to ensure we achieve our dual ambitions of defending on the downside and capturing the upside.
A pragmatic investment approach
The success of our approach is also evidenced at a portfolio range level. As shown in the below chart, since launch, the total return of each of the WealthSelect Managed Active Portfolios has risen sequentially in line with the stated risk target of each portfolio. This progressive increase of reward in line with the increased level of risk is an encouraging trait for any prospective investor as it shows that our portfolio management team have a disciplined, repeatable, and successful approach to managing risk. This ensures that, over the long term, investors are rewarded for each additional unit of risk in their portfolio.
Disciplined, repeatable, and successful
Risk and reward
Forward-looking 10-year volatility of the risk level 5 portfolios each quarter since launch.
Annualised return and volatility of the WealthSelect Managed Active Portfolios since launch.
Source: Quilter. Annualised return, percentage growth, net of fees and annualised volatility, rounded to one decimal place over period 24 February 2014 to 29 February 2024. All performance figures are shown after the deduction of the charges of the underlying funds, but before the deduction of the Managed Portfolio Service charge. The deduction of this charge will impact on the performance shown.
Click here to find out more about the WealthSelect Managed Portfolio Service.
Underpinning the investment success of the WealthSelect Managed Portfolios is the pragmatic, flexible, and repeatable approach of our portfolio management team.
Their emphasis is on minimising losses during market downturns through diversification, tactical calls, and strong manager selection, whilst remaining ready to add risk back to the portfolios when market conditions are set to improve. Historically, the latter has always enabled the portfolios to capture a good proportion of the gains delivered when markets are climbing. It’s the combination of these two attributes that continues to deliver such strong risk-adjusted returns for investors.
Strategically tactical
The portfolios achieve their objectives through a combination of consistently strong manager selection and strategic and tactical asset allocation. The strategic asset allocation is a starting point for the portfolio management team to build and manage the portfolios. Tactical adjustments to capture returns or mitigate losses are then made at the scheduled quarterly rebalances, or at ad hoc rebalances that our portfolio managers have the discretion to implement at any time. By expressing their investment views through regular tactical asset allocation, adding risk when the opportunity presents, and outsourcing specialist managers, the WealthSelect Managed Portfolios have consistently outperformed their IA comparators in both rising and falling markets.
As the chart below shows, over the last 10 years the WealthSelect Managed Active 5 Portfolio has delivered a return of 66.9% to its investors. In doing so, it’s outperformed its performance comparator, the IA Mixed Investment 20%-60% Shares sector, by more than 25%.
Consistently strong returns
Source: Quilter. Total return, percentage growth, rounded to one decimal place over period 24 February 2014 to 29 February 2024. All performance figures are shown after the deduction of the charges of the underlying funds, but before the deduction of the Managed Portfolio Service charge. The deduction of this charge will impact on the performance shown.
Total return of the WealthSelect Managed Active 5 Portfolio since launch (rebased to 100).
A safe pair of hands
The most notable aspect of our portfolio managers’ pragmatic, flexible, and repeatable approach is that it encompasses every WealthSelect Managed Portfolio, right across the eight risk levels. As the chart below demonstrates, every portfolio has significantly outperformed its performance comparator since launch except for the WealthSelect Managed Active 10 Portfolio.
In it for the long term
Total return of the WealthSelect Managed Active Portfolios since launch.
Success at every level
The WealthSelect Managed Active 10 Portfolio narrowly trails its IA Global sector average performance comparator by 2.7% over the last 10 years. However, unlike its peers in this sector, which are 100% equity funds, the WealthSelect Managed Active 10 Portfolio includes allocations to both fixed income and alternatives. This means that over the 10 years since its launch, the portfolio has broadly matched the performance of the IA Global sector average, but for significantly less investment risk. Another example of the success of WealthSelect.
Still a perfect 10
We are pleased to announce WealthSelect is now available on the below platforms
