Budget reforms and WealthSelect spur 33% jump in Old Mutual Wealth Q3 flows

clock

Old Mutual Wealth saw Q3 net inflows rise 33% year-on-year as government savings reforms began to take effect and the WealthSelect range gained traction.

The business saw net client cash flows of £800m over the quarter, up from £600m in Q3 2013, helping take total funds under management to £82.2bn by 30 September. While gross and net sales at Old Mutual Global Investors (OMGI) were flat year-on-year, the UK platform enjoyed its strongest quarter of the year to date on a gross basis, with £1.3bn of gross flows. Net flows to the platform stood at £500m, up from £400m a year previous, to help total platform assets to £29.5bn. The most significant boost appears to have come via the business' WealthSelect proposition, launched earlier th...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Have megatrends changed the game?

Darius McDermott: Have megatrends changed the game?

'Disruptive forces are at work in the global economy'

Darius McDermott
clock 06 August 2026 • 5 min read
Technology cited as main barrier to private market access for advisers

Technology cited as main barrier to private market access for advisers

Follows Oliver Wyman’s and Clearstream’s private markets whitepaper

Sophia Panayi
clock 04 August 2026 • 3 min read
Ascot Lloyd links up with BlackRock for investment offering

Ascot Lloyd links up with BlackRock for investment offering

A move to a single investment provider

Isabel Baxter
clock 04 August 2026 • 2 min read