Old Mutual International has launched a new international life assurance bond aimed at high net worth investors in the UK.
The European Wealth Bond provides a tailored solution for those wanting access to greater asset choice through the professional services of a discretionary fund manager (DFM) – in this case Quilter Cheviot.
The bond is only available for clients who would like a DFM to run the investment portfolio linked to the bond. Importantly, this in turn means customers can access a broader range of investment options than is usually permitted within a generic international portfolio bond in the UK, such as direct equities.
Steven Levin, CEO investment platforms at Old Mutual Wealth, says: “We are seeing strong demand from international advisers wanting tailored solutions for their high net worth clients. Launching the European Wealth Bond is a key step towards delivering enhanced value to high net worth investors. This is a great example of how Old Mutual International is working together with Quilter Cheviot to deliver compelling solutions to advisers and clients.”
