22 April 2021
On Earth Day, Brewin Dolphin is announcing it will launch a Sustainable Managed Portfolio Service (Sustainable MPS) for IFAs.
Sustainable MPS will consist of five model portfolios that are designed to maximise returns from income and capital growth from a portfolio of funds which excludes exposure to controversial sectors and seeks exposure to companies that have a positive societal or environmental impact.
The funds included in the five portfolios go through a robust Environmental, Social and Governance (ESG) selection process which consists of three parts:
- Exclusions: funds that seek to exclude companies involved in tobacco, controversial weapons, thermal coal, gambling, and adult entertainment.
- ESG Leaders: funds that are industry leaders in integrating ESG factors into investment decisions and stewardship activities, and
- Impactful companies: funds that invest in companies which contribute positively and measurably to social and/or environmental challenges.
Brewin Dolphin will be tracking a number of sustainability metrics using MSCI’s ESG data to measure the success of its approach. It will assess each model’s ESG score and rating, carbon intensity and alignment with the United Nations’ Sustainable Development Goals (SDGs).
Robin Beer, CEO, Brewin Dolphin said:
“We are proud of our approach to responsible investment, based on ESG integration and active ownership, which underpins our existing MPS product. However, we realise that clients’ needs are always evolving. Sustainable MPS meets the needs of IFAs’ clients that want more – by excluding harmful sectors and by investing in sustainable funds and companies which contribute positively to society and the environment.”
Antony Champion, head of intermediaries, Brewin Dolphin said:
“The Sustainable MPS portfolios are managed by the existing award-winning MPS team, run by David Hood, which has a robust fund selection process and, as a result, we are confident that the managers we invest in are market leaders, both in terms of how they integrate environmental, social and governance factors into decision making, and how they engage with companies on material issues.”
Tom Blathwayt, head of sustainability, Brewin Dolphin said:
“We believe it is important to measure and monitor the impact of a sustainable portfolio given the global challenges we all face. We also want to assess our objective of investing in companies and funds that have a positive societal or environmental impact.”
“We believe that transparency is really important and have decided to use a third party, MSCI, to provide an independent assessment of the ESG risk, carbon intensity and SDG alignment of our portfolios.”
The five portfolios (called Income, Income Higher Equity, Balanced, Growth and Global Equity) will be re-balanced monthly and will be risk mapped to all the main risk profilers. Manager and fund selection is subject to change and regular review as part of the normal rigorous fund research process.
Brewin Dolphin’s DFM charge will be the same as the current MPS models at 0.30% with an estimated total (OCF) charge of between 0.54% to 0.76%.
Launched in the coming weeks, it is expected that Sustainable MPS will be available on a broad range of platforms including 7IM, Aegon ARC, The Aegon Platform, AJ Bell, Aviva, Hubwise, Novia and Standard Life WRAP.
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, and any income from them, can fall and you may get back less than you invested., Neither simulated nor actual past performance are reliable indicators of future performance. Investment values may increase or decrease as a result of currency fluctuations. Information is provided only as an example and is not a recommendation to pursue a particular strategy. 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. We will only be bound by specific investment restrictions which have been requested by you and agreed by us.
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 £51.4* 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 focus on discretionary investment management has led to significant growth in client funds and we now manage £44.6* billion on a discretionary basis.
Our intermediary business manages £15.8* billion of assets for over 1,700 advice firms either on a discretionary basis or via our Managed Portfolio Service and the MI Brewin Dolphin Voyager fund range.
In line with the premium we place on personal relationships, we’ve built a network of 34 offices across the UK, Jersey and the Republic of Ireland, staffed by qualified investment managers and supported by our business development team that are dedicated to our intermediary customers. 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.
For more information, visit: www.brewin.co.uk
*as at 31st December 2020