New Products

UK Wealth Manager Launches Passive Portfolio Range For IFAs

Eliane Chavagnon, 7 February 2017

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Brewin Dolphin is looking to capitalise on the growing trend of IFAs outsourcing investment-related activities with a new product range.

Brewin Dolphin, the UK wealth manager, has added a passive portfolio range for IFAs - called MPS Passive Plus - to its Managed Portfolio Service.

The product features five core models: cautious, income, balanced, growth and global equity. These are re-balanced monthly.

The “plus” element refers to how the team can allocate to active funds in cases where they believe it would benefit the portfolio. Passive fund usage will vary over time, but is currently between 79 and 100 per cent.

Both MPS and MPS Passive Plus have investment minimums of £2,000 (around $2,500). They are available through Aegon, Ascentric, Aviva, Fusion James Hay, Novia, Nucleus, Standard Life, Transact and Zurich.  

"With 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 firm said.

Indeed, Brewin's total MPS assets under management have grown from £16 million (around $20 million) in September 2012 to £1.2 billion as at end-September 2016.

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