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Quilter Cheviot is a major player in the UK within the Discretionary Fund Management (DFM) arena and is owned by Quilter International (formerly known as Old Mutual International).
It manages £25.3 billion of assets (figure as at 31 December 2020).
Their Discretionary Portfolio Service is offered to clients with upwards of £200,000 to invest. The Managed Portfolio Service is offered to those with £25,000 or more to invest.
The Discretionary Portfolio Service is a bespoke investment management solution for high-net-worth individuals.
Under Quilter Cheviot's DFM service, you will be assigned your own dedicated investment manager who will create your investment portfolio. This will be designed according to your personal investment objectives and with consideration to your individual attitude and tolerance to risk.
Quilter claims to offer a personal service thanks to their network of 14 locations across Ireland and the UK and with an offshore presence in Jersey and a DIFC Dubai branch.
Quilter Cheviot have a few core investment strategies. These contain a blend of equities, gilts, commercial property and alternative investments – as well as a small element of cash – designed to meet different objectives and risk profiles.
The range of these core strategies are:
Quilter Cheviot's investment managers work with financial advisers and their clients to determine their investment requirements and objectives, and to build a portfolio that’s right for them.
This approach allows the financial adviser to act as an advocate for their client, actively challenging what Quilter Cheviot does and says, which arguably preserves the primary relationship of the financial adviser and underlying client.
We would highly recommend reading the 'expert verdict' section of this independent review to learn why our team of experts gave Quilter Cheviot 3 out of 5 stars.
Quilter Cheviot is regulated by the Financial Conduct Authority (FCA), the Jersey Financial Services Commission (JFSC), Guernsey Financial Services Commission, the Dubai Financial Services Authority (DFSA) as a DIFC Branch and the Central Bank of Ireland.
The regulatory rules strictly govern the way they hold and register client assets, ensuring your assets are always kept separately from those belonging to the firm.
Your cash is pooled with the cash of other clients and held in ‘client’ designated accounts under statutory trust protection, with a number of approved banks, ensuring segregation from firm’s cash and a degree of bank diversification.
Clients’ investments are pooled and registered in one of their wholly owned nominee companies, or in a nominee company belonging to one of their approved custodians, or in ‘client’ designated accounts with approved overseas custodians. This means your investments will always remain your property and will be registered separately from the investments of the firm.
Quilter Cheviot's offices are in the UK, Jersey, Dublin and Dubai.
A separate company under Quilter International, Quilter Cheviot Limited in the first half of 2016 launched in the Dubai International Financial Centre regulated by the Dubai Financial Services Authority.
By way of proactive contact with investors, Quilter Cheviot promises six-monthly reports on investments.
My IFA bundled me in with these guys. Then when he moved location and I needed advice, I was told "Quilter Cheviot focuses entirely on the provision of investment management services. We do not provide financial advice."
I was fairly satisfied until that point.
While Quilter Cheviot is a respected name and they provide a range of international actively managed DFM solutions, we believe that there are far better, more cost-effective alternatives available.
If you already have a Discretionary Managed Portfolio with Quilter Cheviot and it is worth £250,000 or more, we recommend you get a Second Opinion to ensure you are on track to get and keep the life you want.