5 October 2020
Brewin Dolphin has announced today that it is to launch five new risk-rated funds for advisers this autumn. The MI Brewin Dolphin Voyager fund range will replicate Brewin Dolphin’s successful £4.5bn Model Portfolio Service (MPS) but in a unitised fund structure. Brewin Dolphin is launching the funds to offer more choice to more advisers.
The Brewin Dolphin Voyager funds are a fund of funds range with a diverse set of investments in one place. They will invest in equity funds to a varying degree depending on their risk rating and funds that invest in fixed interest securities, alternatives and cash-like instruments. Each Voyager fund aims to deliver capital growth and income with a level of risk that is appropriate for advisers and their clients.
The Brewin Dolphin Voyager fund range:
- MI Brewin Dolphin Voyager Max 40% Equity Fund
- MI Brewin Dolphin Voyager Max 60% Equity Fund
- MI Brewin Dolphin Voyager Max 70% Equity Fund
- MI Brewin Dolphin Voyager Max 80% Equity Fund
- MI Brewin Dolphin Voyager Max 90% Equity Fund
Proven investment process
The fund range will be managed by Brewin Dolphin’s Investment Solutions team led by David Hood, that also runs MPS. The asset allocation committee sets the long-term asset allocation. The research team then uses a quality screening process to identify the best external managers across both active and passive.
Leveraging Brewin Dolphin’s scale to reduce costs for adviser’s clients
The Brewin Dolphin Voyager Range combines the positives of its fund of funds structure with the cost savings of a manager of managers approach. The MI Select Managers funds, set up by Brewin Dolphin in 2018, pick the best external managers to run segregated mandates that are the building blocks for MPS.
Those mandates ensure the best asset managers at the best price, leveraging Brewin Dolphin’s size, scale and expertise. They cover North American equity, bonds, UK equity and UK equity income and have already saved clients of intermediaries at least £6m2 since 2018. The remaining asset classes will be invested with third-party funds thoroughly researched and chosen by Brewin Dolphin.The role, balance and performance of each fund is then reviewed on an ongoing basis.
Robin Beer, CEO, Brewin Dolphin said:
“The launch of the Brewin Dolphin Voyager fund range is about offering more choice to more clients. Since inception in 2008, our Managed Portfolio Service has grown to £4.5bn, proving extremely popular with our intermediaries and their clients. We have continued to innovate in the last 12 years including increasing the number of models and introducing MPS Passive Plus. In 2018, we launched segregated mandates with the best external fund managers in the business and those are the building blocks for this new range.”
The launch will broaden the range of platforms offering Brewin Dolphin solutions. It is anticipated that the 15 platforms offering MPS will also offer the new fund range including: 7IM, Advance by Embark, Aegon ARC, AJ Bell, Ascentric, Aviva, Fusion, Hubwise, James Hay, Novia, Nucleus, Praemium, Standard Life, Standard Life Elevate and Transact.
In addition, it is anticipated that Brewin Dolphin investment solutions will be available for the first time on Aegon (formerly CoFunds), FundsNetwork and Old Mutual allowing more advisers to use our services.
The estimated total (OCF) charge for the Voyager fund range will be between 0.78% to 0.82%.
The fund range will be risk rated by Defaqto, Dynamic Planner, Morningstar, Finametrica, Synaptic and eValue.
Maitland is the Authorised Corporate Director for the Brewin Dolphin Voyager funds and is therefore the regulated entity for the funds. Maitland is a global advisory and fund administration provider with over $220 billion in assets under administration and has been working with Brewin Dolphin since the 2018 launch of the MI Select Manager funds.
Notes to editors:
The Brewin Dolphin Voyager fund range asset allocation: (guide only):
PRESS INFORMATION
For further information, please contact:
Richard Janes: richard.janes@brewin.co.uk / Tel. +44 (0) 20 3201 3343
Anita Turland: anita.turland@brewin.co.uk / Tel: (0) 20 3201 4263
Payal Nair: payal.nair@brewin.co.uk / Tel: +44 (0) 20 3201 3342
NOTES TO EDITORS
Disclaimers:
- The value of investments can fall and you may get back less than you invested
- The value of investments and any income from them can fall and you may get back less than you invested
- The opinions expressed in this document are not necessarily the views held throughout Brewin Dolphin Ltd.
- Past performance is not a guide to future performance
- We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy which is available on request or can be accessed via our website at www.brewin.co.uk.
- This information is for illustrative purposes only and is not intended as investment advice.
- No investment is suitable in all cases and if you have any doubts as to an investment’s suitability then you should contact us.
- If your clients invest in currencies other than their own, fluctuations in currency value will mean that the value of their investment will move independently of the underlying asset.
- The information contained in this document is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness.
- Any tax allowances mentioned are based on personal circumstances and current legislation which are subject to change.
- Brewin Dolphin is authorised and regulated by the FCA (Financial Services Register reference number 124444)
About Brewin Dolphin
Brewin Dolphin is a UK FTSE 250 provider of discretionary wealth management. With £46.7* billion in total funds, it offers award-winning personalised wealth management services that meet the varied needs of our clients including individuals, charities and corporates.
We give clients security and wellbeing by helping them to protect and grow their wealth, in order to enrich their lives by achieving their goals and aspirations. Our services range from bespoke, discretionary investment management to retirement planning and tax-efficient investing. Our focus on discretionary investment management has led to significant growth in client funds and we now manage £40.6* billion on a discretionary basis.
Our intermediary business manages £14.2* billion of assets for over 1,700 advice firms either on a discretionary basis or via our Managed Portfolio Service.
In line with the premium we place on personal relationships, we’ve built a network of 33 offices across the UK, Jersey and Dublin, staffed by qualified investment managers and financial planners. We are committed to the most exacting standards of client service, with long-term thinking and absolute focus on our clients’ needs at the core.
1 31 August 2020
2 Source: Brewin Dolphin; c.£3m saving per year from 2018
* as at 30th June 2020