Quilter cuts Cirilium range charges

Fixed ongoing costs for the portfolio have been reduced by 12bps

Steve Levin CEO Quilter
Steven Levin


Quilter Investors has lowered the ongoing fixed charge for its £7bn Cirilium range.

The Cirilium portfolio has been slashed 12bps, while the blend version of the range has received an 11bps reduction.

Meanwhile, the conservative risk offering has been cut 15bps to 0.9%.

The news comes as Quilter announced its final results for the year to 31 December 2022. The firm’s assets under management and administration fell 11% from the previous year, a £12.2bn drop to £99.6bn.

The Cirilium range has undergone a series of changes in recent times. In November, Ian Jensen-Humphreys and Sacha Chorley stepped up to lead the strategy following the departure of co-managers Paul Craig and Hinesh Patel.

The firm also recently built out its fund manager research capabilities by extending its manager research hub.

The 13-strong hub houses the manager selection team, operational due diligence and the responsible investment team.

Steven Levin (pictured), chief executive at Quilter, said: “We are pleased to be lowering the charges of the Cirilium range for investors. It is important to constantly review where we can bring charges down and help maximise returns for clients. Investors will continue to have access to the same portfolios, styles and team, but at a significantly reduced rate.

“We want our investment range to be agile and respond to the needs of advisers and their clients. This is the latest step in doing this and look forward to collaborating with them more to help initiate and drive change in our investment proposition and deliver good customer outcomes.”

Quilter ongoing fixed charge changes

Previous fixed ongoing chargeNew fixed ongoing charge
Cirilium Conservative R1.05%0.9%
Cirilium Balanced R1.15%1.03%
Cirilium Moderate R1.15%1.03%
Cirilium Dynamic R1.15%1.03%
Cirilium Adventurous R1.15%1.03%
Cirilium Conservative Blend U10.85%0.74%
Cirilium Balanced Blend U10.85%0.74%
Cirilium Moderate Blend U10.85%0.74%
Cirilium Dynamic Blend U10.85%0.74%
Cirilium Adventurous Blend U10.85%0.74%
Source: Quilter Investors

See also: Receding inflows slow Quilter’s recovery



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