The investment solutions provider has expanded its UK high net worth proposition.

Old Mutual International, part of Old Mutual Wealth, has launched an international life assurance bond for high net worth investors in the UK.

The European Wealth Bond is aimed at those looking for greater asset choice through the services of a discretionary fund manager, said Old Mutual. 

It will only be available to clients who would like a discretionary portfolio manager to run the investment portfolio linked to the bond, and will leverage the investment expertise of Quilter Cheviot, which Old Mutual Wealth acquired in February last year.

“We are seeing strong demand from international advisors 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,” said Steven Levin, chief executive, investment platforms at Old Mutual Wealth.

“This is a great example of how Old Mutual International is working together with Quilter Cheviot to deliver compelling solutions to advisors and clients.”