We are pleased to announce we will be adding two new models to our successful Managed Portfolio Service (MPS) in September.
The two new portfolios, entitled Cautious Higher Equity and Income Higher Equity, will sit at the more cautious end of the risk spectrum.
The new models will be added to our Active and Passive Plus ranges and sit across 12 platforms.
The introduction of the two new models will coincide with an adjustment to the strategic asset allocation of the Cautious and Income models, resulting in a reduction of risk.
The two new models are being introduced to meet the needs of advisers and their clients, who are increasingly seeing a requirement for more choice amongst risk-averse clients.
The new additions will increase the number of MPS model portfolios from five to seven and will provide advisers with a greater choice of investment strategies. The diagram below shows where the two new portfolios fit in the range.
MPS now manages over £3.5bn of advisers’ clients’ money, and our intermediary division as a whole manages £13.4* billion of assets for over 1,700 advice firms either on a discretionary basis or via our MPS.
Antony Champion, head of intermediaries at Brewin Dolphin, said: “We believe the two new models in MPS will give advisers’ clients greater investment choice and will cater for those who are more risk averse or are looking for more protection for their capital. As always, we will continue to evolve the service to further support advisers.
He added: “We aim to support the adviser community, and as a result, we received feedback that further choice at the lower end of the risk spectrum was required. We’re grateful to the adviser community for their continued support, some of whom have supported MPS for over a decade and who continue to benefit from the service’s strong investment performance, transparency and value.”
In 2018, we enhanced our MPS offering by leveraging the economies of scale to reduce the third-party manager charges and pass that benefit on to advisers’ clients.
At the core of the structure are four manager-of-managers funds that allocate a proportion of each fund across a number of third-party managers.
For UK equity, UK equity income, North American equities and global bonds, Brewin Dolphin’s MPS is now investing directly with chosen third party managers via segregated mandates instead of via their retail funds.
*as at 30th June 2019
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