9 September 2019
Brewin Dolphin, one of the UK’s leading wealth management companies, will add two new models to its 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 its 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.
Brewin Dolphin’s MPS portfolios move from five to seven from September 2019:
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.
Brewin Dolphin’s 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, 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, 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, Brewin Dolphin enhanced its MPS by leveraging 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 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.
–ENDS-
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
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
Camarco: brewin@camarco.co.uk / Tel: +44 (0)20 3757 4980
NOTES TO EDITORS
Disclaimers:
- The value of investments 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
- 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.
- Brewin Dolphin is authorised and regulated by the FCA
About Brewin Dolphin
Brewin Dolphin is a UK FTSE 250 provider of discretionary wealth management. With £44.1* 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 £39.1* billion on a discretionary basis.
Our intermediary business manages over £13* 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 31 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.
*as at 30th June 2019