Quilter  

Quilter makes MPS available to other platforms

Quilter makes MPS available to other platforms
Quiter CEO Steven Levin said the WealthSelect MPS has been a 'success story'. (Quilter)

Ten years on from its launch, Quilter will add its WealthSelect managed portfolio service to third-party platforms. 

Until now, the MPS has only been available on Quilter's own platform. 

Steven Levin, chief executive of Quilter, said the decision was made to give more advisers access to the solutions. 

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He 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 MPS marked 10 years in operation this month and has been managed by Stuart Clark since it was created.

Bethan Dixon joined him in 2022 following an expansion of the range, with Helen Bradshaw also becoming a portfolio manager on the range in 2023.

Clark said: "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."

Since 2022 advisers have had the choice of passive portfolios as well as a range of responsible and sustainable investment options. 

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.

tara.o'connor@ft.com

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