Quilter’s WealthSelect managed portfolio service will be added to third-party platforms for the first time.
The MPS will initially come to the Parmenion, M&G and Morningstar platforms, with more expected to follow shortly after.
WealthSelect has grown to reach £14bn in assets under management over its 10 years in operation.
It has been managed by portfolio manager Stuart Clark since inception. Bethan Dixon joined Clark in 2022 following an expansion of the range, with Helen Bradshaw also becoming a portfolio manager in 2023.
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The MPS began as active and blended portfolios only, but in 2022 passive portfolios and a range of responsible and sustainable investment options were added.
Steven Levin (pictured), chief executive of Quilter, 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.”
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Clark added: “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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