Brewin Dolphin to cut managed portfolio service costs by £3m a year following funds switch

Moving to segregated mandates

Laura Dew
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Robin Beer of Brewin Dolphin
Image:

Robin Beer of Brewin Dolphin

Brewin Dolphin is set to reduce the costs on its Managed Portfolio Service (MPS) by £3m a year, as it moves the bulk of its investments with third-party managers from retail funds to segregated mandates.

The move will take place between February and May 2018, with the reduction passed on to advisers' clients through the ongoing charges figure (OCF) of the underlying fund holdings. Transaction costs are...

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