Brewin Dolphin launches passive portfolio range for IFAs
06 February 2017
Dolphin, one of the UK's leading independently-owned wealth managers, is today
launching a new passive portfolio range for IFAs, called MPS Passive Plus, to
add to its successful Managed Portfolio Service (MPS).
MPS Passive Plus range encompasses five core risk-rated models (cautious,
income, balanced, growth and global equity). The asset allocation is set by
Brewin Dolphin’s Asset Allocation Committee and the underlying funds are
selected by the Group’s MPS Investment Committee. The five models are
re-balanced monthly to ensure the asset allocations are updated to reflect key
developments in the investment markets.
‘Plus’ element of the product refers to the fact that the team can allocate to
active funds where they believe it would benefit the portfolio and passive
funds might not offer effective replication e.g. in absolute return. Passive
fund usage will vary over time, and by the five portfolios, but it is currently
between 79% and 100%.
the launch of its MPS Passive Plus service, Brewin Dolphin harnesses the
benefits of passive investing, which is increasingly seen as an attractive,
cost-effective and streamlined way for IFAs to manage their clients’ investment
needs. The underlying TERs for the passive portfolio are between 0.12% and
Dolphin is responding to the needs of advisers that are looking to outsource
their investment decisions by further enhancing their MPS service. Brewin
Dolphin was named the most used discretionary fund manager by IFAs (according
to Defaqto’s 2016 survey). MPS assets under management have grown from £16m in
September 2012 to £1,200m as at 30th September 2016 and have
continued to grow. The MPS Balanced Portfolio has 1 year performance of 14.9%,
3 year performance of 28.5% and 5 year performance of 69%*.
Individual performance for the years 2009-2015 is also given below:
*All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin’s investment management charge. Deduction of this charge will have the result of reducing the illustrated performance. Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account.
cost advantages of MPS Passive Plus will be translated to the end-investor in
terms of a lower overall fee structure levied at 0.2% plus VAT for Brewin
Dolphin’s management charge. Both MPS and MPS Passive Plus have a low minimum
investment of £2,000 across all platforms.
can now choose between Brewin Dolphin’s MPS Passive Plus, MPS and the full IFA bespoke
discretionary service, dependent on the specific needs of their client.
At all times, the end client relationship resides with the IFAs with Brewin
Dolphin responsible for the investment management.
Johnson, Head of Brewin Dolphin’s Managed Investment Services, said: “The launch of Brewin
Dolphin’s MPS Passive Plus range is good news for IFAs, as it will mean they
can make another investment option accessible to a wider range of people. MPS
Passive Plus will enable IFAs to choose the best possible investment strategy
to fit with their clients’ expectations and investment needs.”
Dolphin’s new MPS Passive Plus range gives IFAs the best of both worlds with us
actively reviewing asset allocation but using underlying cheaper passive funds
to get the relevant market exposure. We’ve also ensured that as they launched,
the major third party risk ratings are available from inception to further
Dolphin employs 17 regional based Business Development Managers to specifically
service the IFA market.
Dolphin’s Managed Portfolio Service and MPS Passive Plus is available on Aegon,
Ascentric, Aviva, Fusion James Hay, Novia, Nucleus, Standard Life, Transact and
Zurich. In addition, performance figures are available via Defaqto Engage, FE
DFM Transmission and Asset Risk Consultants (ARC). IFAs can use Distribution
Technology, eValue, Finametrica and Synaptic for risk profiling.
The value of investments and any income from
them can fall and you may get back less than you invested.
No investment is suitable in all cases. If you are unsure about the
suitability of a particular investment please contact us for advice.
Past performance is not a guide to future
performance. Performance is shown before charges which will have the effect of
reducing the illustrated performance.
The opinions expressed in this document are not necessarily the views
held throughout Brewin Dolphin Ltd.
further information, please contact:
Janes email@example.com Tel. +44 (0) 20 3201 3343
Nair firstname.lastname@example.org Tel: +44 (0) 20 3201 3342
About Brewin Dolphin
Brewin Dolphin is one
of the UK's leading independently-owned providers of discretionary wealth
management. With £36.4* billion in funds under management, we offer
award-winning personalised wealth management services that meet the varied
needs of over 100,000 account holders, including individuals, charities and
We give clients
security and well-being 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
£30.1* billion on a discretionary basis.
In line with the premium we place on personal relationships, we’ve built a
network of 28 offices across the UK, Channel Islands and Ireland, 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.
We are proud of our success and have the vision and ambition to grow into the
UK's leading provider of discretionary wealth management. We were awarded a 5
star Defaqto 2016 rating for DFM Managed Portfolio, the City of London Wealth
Management Awards for Best Discretionary Service Award 2015 and the Portfolio
Adviser Gold Award for Best Cautious Portfolio Manager 2015 - Large Firm. We
are committed to building on our strong track record and delivering continued
value to both our clients and shareholders.
of 31 December 2016