According to the firm, 48% of the assets managed by the model portfolio service are held in a Collective Retirement Account on the Old Mutual Wealth platform.
First launched in February 2014, this platform has seen a 30% increase in net client cash flow year on year. Steven Levin, Old Mutual Wealth investment platforms CEO, said the growth demonstrated the continuing demand for cost-effective, reliable products that sit within in clearly defined risk parameters.
While the firm offers a range of both active, and passive-blend portfolios, Old Mutual said, 78% of all assets sit within the portfolios of actively managed funds.
Over 1,000 advisers have recommended the portfolios, with over 28,000 policies held by more than 21,000 clients, the firm said.