These ensure that the products and services provided align with client needs, and that the advice package delivers the right outcome. This can include holistic tax planning advice and support, behavioural coaching, and, of course, the work involved in reviewing existing goals, setting new ones, or using cashflow modelling tools to illustrate the journey.
Aligning interests
When done properly, outsourcing your investment service can be seen as a natural extension of your firm’s advice service. It allows you to focus on aligning solutions with your clients’ needs and helping them achieve their financial goals.
Outsourcing also enables your clients to benefit from an enhanced investment process. Whether that’s better research capabilities, a wider range of investment options and asset classes, more developed responsible and sustainable investment options, or the attraction of tapping into a more robust due diligence process. Additionally, the requirements under the Consumer Duty, such as Assessment of Value, will be done for you.
All these elements ultimately help to deliver better client outcomes, and rigorously demonstrate that you are doing so.
Where outsourcing proves its worth is in reducing the regulatory risks shouldered by advisers, helping to reduce costs and to increase profitability, and to underpin stronger client outcomes.
For advisers and their clients, there’s never been a more appropriate time to consider the right investment manager to partner with to manage your firm’s investment process.
Outsourcing to WealthSelect
For many advisers, utilising a reputable managed portfolio service like WealthSelect will be the solution to these regulatory, commercial and client considerations.
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.
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)).
