Managed funds service
What is the managed funds service?
The managed funds service (MFS) has been launched exclusively for the IFA market and is designed to provide discretionary fund management to clients for whom a bespoke service may not be required or deemed cost effective. It is administered by third party platform providers and is structured to preserve the client-adviser relationship. The service provides clients with a choice of five risk profiles, each with portfolios created and managed by Brewin Dolphin’s award-winning research team.
Key facts
- Five models:
Cautious / Income / Balanced / Growth / Global Equity - Portfolios consist of combination of unit trusts, OEICs and ETFs
- Investment in institutional units or retail units with trail commission rebated into portfolios
- Available from £2000 to £150,000
- Minimum regular contribution of £100 per month
- Annual charges: investment management 0.5% +VAT
- An investment administration charge is also applicable. Please refer to your adviser or investment administrator for details
- Competitive TERs on underlying holdings
- Monthly rebalancing and no dealing charges
Who is MFS for?
MFS is designed for investors with smaller portfolios. The service is also able to cater for those clients that would like to make an initial lump sum investment but also make regular payments into their portfolio. MFS is offered via a platform to make investment management a realistic option for clients who may have less to invest or may be steadily accumulating wealth. This takes advantage of the platform’s ability to administer assets in a cost efficient manner.
MFS is not a unitised product and an investor in MFS will own a portfolio of funds rather than one single fund. This means that if one part of the portfolio needs changing this can be done without detriment to the rest of the portfolio. It also means that any potential liability to capital gains tax will accrue more steadily thanks to the small and subtle changes made to the portfolio. Having a single managed fund would mean that any capital gain may accrue more rapidly, potentially creating a capital gains tax liability when the investor looks to dispose of their portfolio.
MFS is also available via the platform in a range of tax efficient wrappers (for example ISAs, offshore bonds and SIPPs).
For further information on the service, please contact your Brewin Dolphin Business Development Manager. Alternatively, please direct your query to mfs@brewin.co.uk or call 0203 201 3363.
MFS Introduction
Download managed funds service introduction
Managed funds service events:
Interested in the Managed Funds Service? Why not attend one of our regional events and get an overview of the service, hear about our investment process and also, how the assets are administered by Novia Financial. For further details on the events please direct your query to mfs@brewin.co.uk.
The MFS has been launched exclusively for the IFA market and is designed to provide discretionary fund management to clients for whom a bespoke service may not be required or deemed cost effective.