19 August 2020
Wealth manager Brewin Dolphin has added the Teviot UK Smaller Companies strategy to its MI Select Managers (MISM) UK equity fund. Teviot’s inclusion sees Miton replaced in the fund in line with Brewin Dolphin’s rigorous fund review process. The MI Select Managers strategy is a part of the company’s wider Managed Portfolio Service (MPS).
Teviot has been chosen because of its rare value tilt to the smaller companies’ (small cap) sector which complements some of the more growth-focussed managers in the wider MI Select Managers range. This smaller companies mandate is run by Andy Bamford (an ex-partner at Aberforth) and Barney Randle (ex-Merrill Lynch and JP Morgan).
Antony Champion, head of intermediaries, Brewin Dolphin, said“The Teviot investment process and track record are strong, and its strict views on capacity management very much accord with our own. This focus allows Teviot to maintain concentration in its best ideas and gives flexibility in the management of the strategy. We are excited about this new addition to the MI Select Managers range and for the benefits this offers to advisers’ clients.”
In 2018, Brewin Dolphin enhanced its Managed Portfolio Service by launching its MI Select Managers strategy. The move has proved successful in reducing costs and improving efficiencies for advisers’ clients by leveraging economies of scale to reduce the third-party manager charges. At the core of the structure are four manager-of-managers funds that allocate a proportion of each fund, as a segregated mandate, across a number of third-party managers (see table in notes to editors).
PRESS INFORMATION
For further information, please contact:
Richard Janes richard.janes@brewin.co.uk / Tel. +44 (0) 20 3201 3343
Payal Nair payal.nair@brewin.co.uk / Tel: +44 (0) 20 3201 3342
NOTES TO EDITORS
Fund: | ||
For more information about Brewin Dolphin’s Managed Portfolio Service, visit:
https://www.brewin.co.uk/intermediaries/managed-portfolio-service
Disclaimers:
- 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.
- 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.
*as at 30th June 2020