20 September 2018
Press Release
Brewin Dolphin, one of the UK’s leading independently-owned wealth managers, has added its recently restructured Managed Portfolio Service (MPS) to the Hubwise platform, taking the number of platforms that its MPS is available on to 12. The others being: Aegon, Ascentric, Aviva, Fusion, James Hay, Novia, Nucleus, Standard Life, Standard Life Elevate, Transact and Zurich.
The agreement with Hubwise means that independent financial advisers (IFAs) can now access Brewin Dolphin’s ten active and passive model investment portfolios through the Hubwise platform, which is billed as an intuitive and comprehensive platform for the evolving needs of the adviser and investment communities.
Recently promoted Antony Champion, Head of Intermediaries, Brewin Dolphin, said: “The addition of Hubwise will give financial advisers an additional platform to access our portfolios, meaning they will have even more choice in an increasingly cost sensitive market.”
He added: “We are excited to be working with Hubwise to deliver our award-winning and enhanced Managed Portfolio Service to a wider audience.”
Hubwise CEO, Angus Macdonald, said “It is an exciting time for us and this new relationship with Brewin Dolphin is testimony to Hubwise being recognised as one of the most functionally rich and cost-effective platforms around. Our clients had expressed a desire to be able to access Brewin Dolphin’s awarding winning service and we are extremely pleased to have met their expectations with the help and support of Brewin Dolphin. We look forward to furthering our special relationship with Brewin Dolphin with new initiatives in the future.”
In May this year, Brewin Dolphin completed the final of four successful transfers of its MPS into the new manager-of-managers strategies, as announced in January. The business has leveraged its economies of scale to reduce the third-party manager charges and pass that benefit on to advisers’ underlying clients.
At the core of the new structure are four new 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.
PRESS INFORMATION
For further information, please contact:
Richard Janes richard.janes@brewin.co.uk Tel. +44 (0) 20 3201 3343
Siân Robertson: Sian.Robertson@brewin.co.uk / Tel: (0) 20 3201 3026
Payal Nair payal.nair@brewin.co.uk Tel: +44 (0) 20 3201 3342
FTI Consulting: brewindolphinconsumer@fticonsulting.com / Tel: (0)20 33195642
NOTES TO EDITORS
About Brewin Dolphin
Brewin Dolphin is a UK FTSE 250 provider of discretionary wealth management. With £42.3* billion in total funds, it offers award-winning personalised wealth management services that meet the varied needs of over 80,000 account holders 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 £36.8* billion on a discretionary basis.
Our intermediary business manages over £12* billion of assets for over 1,000 advice firms either on a discretionary basis or via its Managed Portfolio Service.
In line with the premium we place on personal relationships, we’ve built a network of 30 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. The value of investments and any income from them can fall, and clients may get back less than they invested.
*as of 30 June 2018
About Hubwise Securities
Hubwise is an innovative investment platform for fund managers, discretionary wealth managers and financial advisers offering white label services, client sovereignty, a wide choice of investments and product wrappers combined with the highest levels of process automation.
The platform is based on modern web technology developed in-house by a group of highly experienced financial services industry professionals. We pride ourselves on being able to see things differently to the rest of the marketplace with highly competitive transparent pricing, intuitive workflow and comprehensive investment choices.
For further information, please visit: www.hubwise.co.uk
Disclaimer
The value of investments can fall and you may get back less than the amount invested.