Why Brewin Dolphin?
Brewin Dolphin is one of the UK's largest independent private
client investment managers. We are independently owned and are not
influenced by a fund manager, bank or insurance company. Brewin
Dolphin is also able to choose investments for its clients from the
whole of the market.
Brewin Dolphin has over 130,000 clients and more than £25bn of
assets under management including more than £8bn in collectives.
This substantial client base has allowed Brewin Dolphin to invest
and build its award winning research department .
What is the Managed Funds Service?
The Managed Funds Service (MFS) is designed to provide
discretionary fund management to clients for whom a bespoke service
may not be required or deemed cost effective. It is administered
via the Novia wrap and is structured to preserve the client-adviser
relationship. The service provides clients with access to a range
of five risk rated portfolios created and managed by Brewin
Dolphin's award-winning research team.
Who is MFS for?
MFS provides access to Brewin Dolphin's models for smaller
portfolios. The service is also able to cater for those clients
that would like to make an initial lump sum investment but also
make regular payments into their portfolio. MFS is offered via a
Novia to make investment management a realistic option for clients
who may have less to invest or may be steadily accumulating
wealth. This takes advantage of Novia ability to administer
assets in a cost efficient manner.
MFS is not a unitised product and an investor in MFS will own a
portfolio of funds rather than one single fund. This means that if
one part of the portfolio needs changing this can be done without
detriment to the rest of the portfolio. It also means that any
potential liability to capital gains tax will accrue more steadily
thanks the small and subtle changes made to the portfolio. Having a
single managed fund would mean that any capital gain may accrue
more rapidly, potentially creating a capital gains tax liability
when the investor looks to dispose of their portfolio.
MFS is also available via Novia in a range of tax efficient
wrappers (ISAs, offshore bonds, SIPPs).
How does MFS work?
Selecting a portfolio
Advisers can select from a range of five model portfolios, with
their choice of model portfolio reflecting the amount of risk the
client is prepared to accept. Risk profiling of the client may be
conducted through the platform. The resulting output can assist the
adviser in identifying the portfolio most suited to the
client.
The investment decision process
Assets within MFS are managed to reflect Brewin Dolphin's
current asset allocation and fund selection views on a continual
basis. On a monthly basis our asset allocation team will review the
asset allocation of each portfolio. Alongside this, the individual
components of portfolios will be monitored by our research team to
ensure that their inclusion is merited going forward.
This ongoing monitoring helps ensure that portfolios remain
within their original risk parameters, and identifies opportunities
to make changes to portfolios in a timely manner.
What does MFS provide?
A MFS portfolio therefore provides access to a portfolio
selected from a range of investment funds. The funds are chosen by
Brewin Dolphin's award-winning, well-resourced and objective
research team, and will continue to be monitored on a daily
basis.
The platform will provide transaction statements, regular
reports and online access to valuations for each investor.
Finally, as wealth accumulates a more bespoke service is likely
to be required. Your Business Development Manager will be able to
take you through this and the seamless re-registration process to
Brewin Dolphin to utilise this.
Portfolios Available
The following portfolios are currently available:
- Cautious
- Income
- Balanced
- Growth
- Global Equity
The most up to date performance data is available by contacting
your local Business Development Manager.
You can access portfolio factsheets by clicking here
FAQs
What are the charges for this service?
The annual charge is 0.5%. In addition to this, an investment
administration charge is payable to Novia.
What are the maximum/minimum investments levels?
The minimum initial investment is £2,000 and the maximum initial
investment £150,000. The minimum regular contribution is £100
per month
Is trail rebated back to Brewin Dolphin, the platform or the
client?
All trail/commission received on funds is rebated directly back
to the client and into their cash account within the service. The
service will utilise institutional units where possible and
advantageous.
Are there any transactional costs?
There are no transactional costs within the service.
Can the service be white labelled for the IFA?
Yes. However, all literature provided, including transactions
statements and year end packs, will carry the livery of Novia.
Which providers can be used for SIPP and Offshore Bonds?
The service is available via all SIPP and Offshore bonds
available through Novia.
Will information on performance be distributed?
Yes. This information will be sent out on a monthly basis. This
will include the relevant performance, a breakdown of assets in the
portfolio and a commentary on the decisions made when allocating
assets.
Key Facts at a glance
Portfolios consist of a combination of Unit Trusts, OEICs and
ETFs
Investment in institutional units or retail units with trail
commission rebated into portfolios
- Available from just £2000
- Minimum regular contribution of £100 per month
- Annual charge of 0.5%
- Competitive TERs on underlying holdings
- Monthly rebalancing and no dealing charges
- Monthly factsheets produced including latest commentary
In addition, Brewin Dolphin have 41 offices across the UK and
Channel Islands and a dedicated team of 16 Business Development
Managers that are available to work with advisers. Your local
Business Development Manager will keep you up to date with the
service.
If you would like further information, please email
MFS@brewin.co.uk or call 0203 201 3363 and your local Business
Development Manager will be in touch to discuss the service
further.
