wealthselect managed portfolio service

WealthSelect Managed Portfolio Service

For financial advisers only

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ContentsHigh-quality investment solution ��4

Meeting the needs of your clients ��6

Benefits to you ��7

Our investment approach ��8

Portfolio management �� 10

Investment expertise �� 12

Oversight and governance ��13

Further information ��14

High-quality investment solutionManaging your clients’ investments effectively can be a very challenging task. Making informed investment decisions, both at the initial recommendation stage and on an ongoing basis, is not only time-consuming, but also carries a significant burden of responsibility, especially given the increased regulatory focus on suitability and due diligence.

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The WealthSelect Managed Portfolio Service is an actively managed, discretionary investment solution which enables you to outsource the asset allocation, manager selection, and day-to-day running of your clients’ portfolios at a very competitive cost.

This means you can spend more time on your clients’ financial planning requirements, safe in the knowledge their investments are being actively managed by a team of experts.

The WealthSelect Managed Portfolio Service is designed with your advice process at its heart and is only available to advised clients.

We offer a range of different portfolios designed to match your clients’ attitude to risk and their cost appetite.

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risk levels

Mapped to a range of different risk profiling tools.

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investment styles

Available in Active or Blend.

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WealthSelect Managed Portfolio Service6

Meeting the needs of your clientsChoosing and keeping an eye on how well your clients’ portfolios are performing – and making appropriate adjustments when required – can be a complex, expensive, and time-consuming task.

The WealthSelect Managed Portfolio Service provides a practical and reliable solution that aims to keep your client’s investment charges low and their investments on track to achieve their aims, without the need for regular fund reviews.

Other benefits to your clients include:

Active managementYour clients can be reassured that their investment is being constantly monitored and actively managed by experts to help ensure it meets its objectives.

Investment optionsThe managed portfolios are available in two different investment styles – Active or Blend. Both options are still actively managed, but the Blend portfolios include index tracker funds, where appropriate, to reduce the overall cost of the portfolios.

High quality fundsThe funds used within the managed portfolios are managed by our Global Partners who are all high quality asset managers that have a strong competitive edge in their respective asset class or market. They are are continually monitored by our team of investment experts to ensure they continue to meet their objectives.

Keeping them informedYou can provide your clients with high quality, quarterly reports that present their portfolio information clearly with the opportunity for co-branding and client personalisation. They’ll also find it easy to track the performance of their investments online.

Benefits to youThe WealthSelect Managed Portfolio Service provides a high quality solution to meet your clients’ investment goals and offers real benefits to help meet your needs in the regulatory environment following MiFID II.

Meeting client needsThe managed portfolios have been built with your advice process in mind and are available across two different investment styles and eight risk levels, allowing you to meet a broad range of client needs.

More time for your clients We take the headache out of fund research and monitoring, asset allocation, and rebalancing. This gives you more time to focus on your clients’ financial planning needs and on building long-term relationships.

Peace of mindOutsourcing some or all of the investment process to us can lessen your reputational and regulatory risk, and reduce the burden of paperwork facing you and your clients.

Trusted brand namesThe managed portfolios feature fund managers with a proven ability to deliver strong investment performance, backed by high-quality asset management brands.

Value for money The WealthSelect Managed Portfolio Service does not have a headline fee for portfolio management giving your clients access to a high quality, actively managed investment solution at very competitive rates.

Access to informationWe make the full portfolios available to you both via our website external tools allowing you to examine the portfolios and ensure they remain suitable for your clients

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Our investment approachWith more than 2,500 funds in the UK retail sector alone, selecting, monitoring, and reviewing funds for your clients’ portfolios is a time-consuming, research-intensive process.

Demonstrating appropriate due diligence in your fund selection as part of your regulatory requirements can present a number of challenges:

– Access to fund managers and their teams is not always easy.

– You need up-to-date, relevant information.

– Past performance is no guide to the future.

– Fund managers may move on and change so ongoing monitoring is vital.

– Your clients have high expectations of your investment choices.

The WealthSelect Managed Portfolio Service offers a convenient solution, incorporating all fund research, selection, and monitoring on your behalf.

Combining world-class building blocksEach of the managed portfolios invests in a combination of funds from our Global Partners, who are all recognised as high-quality asset managers. They offer a broad range of high quality strategies across different asset classes, sectors, and geographies.

Sub-advised mandatesOne of the key criteria when selecting our Global Partners is their ability to manage sub-advised mandates. The reason for this is the many benefits and advantages that come with sub-advised mandates compared to mainstream retail funds – advantages that can be passed along to you and your clients.

CostThe bespoke nature of sub-advised mandates allows costs to be reduced for you and your clients. For example, if an external manager stopped running an external fund for whatever reason, you may want to switch your clients away. Sub-advised mandates allow a change of manager to be made in this type of event, which could reduce the transition costs to your clients.

FlexibilityMany of the managers run the sub-advised mandates in a similar way to their main retail fund. However, the sub-advised mandates provide additional flexibility to refine the investment strategy to reflect a desired customer objective.

TransparencyThe transparency that comes with the use of sub-advised mandates allows sight of every single trade and deal placed. This gives us the ability to review how the fund is being managed and to ensure that the manager is sticking to the objective they’ve been given.

MonitoringThe look-through to individual trade level provides greater ability to hold the managers to account for their performance. We can see where value has been added, or not as the case may be, and review this in the regular investment adviser meetings.


Our global partners

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strong team of research analysts

1,000+

hours of face-to-face meetings every year

17,000+

hours of fund research every year

40,000+ strategies in

research universe

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Risk targeting with precisionAll our managed portfolios are risk-targeted, designed to perform within a specific range of volatility over the long term. A risk-targeted approach helps ensure that your clients’ investments are always managed with a level of risk that is acceptable to them and gives greater clarity from the outset about the kind of investment journey they can expect.

Delivering consistent risk-adjusted returnsOur managed portfolios use a disciplined, long-term, strategic asset allocation approach designed to maximise the potential return for an expected level of risk.

There are a number of factors which go into building optimal asset allocations, including assumptions about expected returns for each asset class, their expected volatility, and the correlation between these assets over the long term (10 years).

Ongoing monitoringRegular review and, where necessary, rebalancing are essential to maintain the level of risk of a portfolio.

All portfolios are rebalanced at a minimum on a quarterly basis to their most recent asset allocation targets to ensure they maintain their risk-return characteristics within a changing economic and market environment. The portfolio manager also has the discretion to rebalance more frequently.

Portfolio managementWe aim to deliver the best possible returns for each risk level, creating well-diversified portfolios through superior asset allocation.

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Our primary focus is ensuring that the managed portfolios we offer best meet the needs of you and your clients in a rapidly evolving investment landscape. But, increasingly, investors are looking to us to show that we have considered the wider impact of our investments, in addition to delivering the desired investment outcomes.

Responsible investing covers a wide range of factors, the most common of which are Environmental, Social and Governance (ESG). This can include climate related issues and how a company treats its suppliers, workforce and the wider community.

The portfolio manager is supported in the management of the portfolios by the Quilter Investors investment team. During 2020 Quilter Investors formalised their existing Environmental, Social, and Governance (ESG) approach and have built a team dedicated to supporting the portfolio manager in implementing this in all stages of the investment process.

We believe that incorporating ESG considerations should sit at the heart of what we do. We believe this is critical not only for generating long-term, risk-adjusted and sustainable returns for your clients, but also for enabling us to recognise the wider impacts of our investment decisions on businesses, communities, and the physical environment.

Putting ESG principles in place helps us to fulfil our wider duties as both long-term stewards of your clients’ assets and as a responsible business.

Within WealthSelect, key ESG considerations have been woven into the fabric of the investment process. These include, but are not limited to manager selection and due diligence; portfolio construction and ESG risk monitoring; engagement and voting; corporate governance; and ESG data and resources.

Responsible investingWe recognise the wider impact of our activities and take the opportunity to implement our principles as a responsible business to help drive positive outcomes for investors.


Stuart Clark, Portfolio ManagerStuart has responsibility for managing the WealthSelect Managed Portfolio Service. He is accountable for all portfolio management decisions, and for leading the research supporting the funds used within the service.

Fund Research teamThe Fund Research team is responsible for identifying and researching the strategies from our Global Partners. Exhaustive research is undertaken before approving any new strategy for investment. The Fund Research team also conducts regular meetings with all of our existing managers to ensure the initial rationale for holding the investment still stands.

Quilter Investors investment teamThe portfolio manager is supported by the Quilter Investors investment team. They meet formally on a weekly basis to discuss performance, macro views, and share insights as well as regularly discussing and analysing the managed portfolios.

Quilter Investors Global PartnersOur Global Partners give us access to an unrivalled wealth of insight and knowledge. The expertise they offer isn’t limited to fund management as the portfolio manager can utilise their economists, strategists, and investment thinking to help with tactical and strategic portfolio management decisions.

Investment expertiseThe WealthSelect Managed Portfolio Service draws on an wealth of experience across the team. There are a number of people involved in bringing the service to you and your clients.

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QuilterResponsible for the formal regulatory oversight and providing the Managed Portfolio Service. For ISA and Collective Investment Account (CIA) the legal entity that provides the service is Quilter Investment Platform Limited, and for Collective Investment Bond (CIB) and Collective Retirement Account (CRA) the legal entity that provides the service is Quilter Life & Pensions Limited.

Quilter Platform Investment Oversight CouncilIncluding two independent external advisers, the council advises and makes recommendations to ensure the WealthSelect Managed Portfolio Service is performing as intended; investment decision-making processes are robust; appropriate risk management is in place; and any conflicts of interest are managed.

Quilter Investors LimitedThe Authorised Corporate Director (ACD) for all of the sub-advised funds. They are obliged to ensure the managers appointed to run the funds are suitable individuals and able to deliver to the funds’ objectives.

Sub Advised Fund Forum The primary responsibility of the Sub Advised Fund Forum is to provide independent oversight of the sub advisers used in the managed portfolios through a robust and consistent governance framework. In particular, the Forum has oversight of, but not limited to, the sub advisers’ investment selection, best execution, liquidity management, and asset valuation activity.

The Sub Advised Fund Forum will consider proposals and approve changes to sub advisers.

Oversight and governanceWe recognise that the safety and security of your clients’ money is of paramount importance when it comes to selecting your investment partners. That is why we ensure we have robust governance in place.

Further informationFor more information on the WealthSelect Managed Portfolio Service, please visit platform.quilter.com/wealthselect, speak to your Wealth Management Consultant, or contact us on freephone 0808 171 2626.


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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.

The WealthSelect Managed Portfolio Service is provided by Quilter Investment Platform Limited and Quilter Life & Pensions Limited.

platform.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.

Quilter is the trading name of Quilter Investment Platform Limited which provides an Individual Savings Account (ISA), Junior ISA (JISA) and Collective Investment Account (CIA) and Quilter Life & Pensions Limited which provides a Collective Retirement Account (CRA) and Collective Investment Bond (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, EC4V 4AB, United Kingdom. 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 Investors is a trading name of Quilter Investors Limited. Authorised and regulated by the Financial Conduct Authority with FCA register number 208543. Registered in England & Wales under number 4227837. Registered office: Senator House, 85 Queen Victoria Street, London, EC4V 4AB.

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wealthselect managed portfolio service

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