The average annual management charge is 0.52% on single strategy funds run by Old Mutual Global Investors, part of Old Mutual Wealth, with over half of them sub-advised by 10 underlying fund management groups. There will be no additional charges for the portfolio management service run by John Ventre and his team.
Additionally, three passive products have been added to the range, the Old Mutual Gilt, UK Index and World Index funds.
In the beginning of February, Skandia had announced that the managed portfolios will sit in a Skandia platform risk profile category between 3 and 10 and will be made available through all products on the platform – ISA, pension, bond and unwrapped collectives.
Click here to see the WealthSelect asset allocation.
And click here to see the 56 WealthSelect funds and charges.
