For most advisers, this level of forensic investment analysis, continuous monitoring, and ongoing governance simply isn’t possible due to the financial and time costs involved.
Outsource or build your own?
All of this points to only two realistic options for advisers operating their own portfolios:
- Invest in a highly disciplined, well-resourced, in-house investment process, with appropriate fund research, due diligence, governance, and reporting capabilities.
- Outsource your investment process, the regulatory risks, and the added costs it represents, to a recognised investment manager.
If you pursue the first option, ensuring that your investment process meets all the Consumer Duty requirements, and that it remains aligned with an ever-evolving regulatory landscape, isn’t an easy task. The pace of regulatory change has become relentless.
Outsourcing to WealthSelect
For many advisers, outsourcing your portfolio management to a reputable managed portfolio service like WealthSelect will be the solution to these mounting regulatory challenges. WealthSelect consists of 56 portfolios including responsible investment options with a choice of active, passive, and blended investment approaches, to offer a choice of pricing points, and eight different, forward-looking risk levels.
WealthSelect is underpinned by an established investment team with a robust and rigorous process. It has over 30 dedicated investment professionals ensuring the best investment choices are made for the best client outcomes.
Importantly, WealthSelect also takes care of the heavy lifting when it comes to client reporting and provides a range of materials to educate and engage on key investment matters. These materials can support your client conversations and help you to demonstrate the value of your advice.
Click here to find out more about the WealthSelect Managed Portfolio Service.
Important information
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.
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.
