Brewin Dolphin halfway through cost-saving segregated mandate transfer

Aiming to reduce MPS costs by £3m a year

Victoria McKeever
clock • 2 min read

Wealth manager Brewin Dolphin has completed two of four transfers into manager-of-manager segregated mandate strategies as part of its restructure of its managed portfolio service (MPS).

Brewin Dolphin has transferred around £750m of the £1.5bn from third-party retail funds into its new segregated investment mandates. It announced the move in January, saying the aim of the exercise was to reduce costs on the firm's MPS by £3m a year. It said cost saving had already started and clients should expect to benefit from the full annual saving when the last two transfers are completed in April and May.   The expected reduction will be passed on to advisers' clients through the ongoing charges figure (OCF) of the underlying fund holdings. Brewin Dolphin said transaction costs...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Investors take group action against RL360 over collapsed funds

Investors take group action against RL360 over collapsed funds

Claim brought to Isle of Man to seek compensation for losses

Isabel Baxter
clock 27 March 2025 • 2 min read
Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read
Other investing strategies are available: Performance chasing has served well despite risks

Other investing strategies are available: Performance chasing has served well despite risks

'Perhaps not surprisingly in such momentum-driven markets, performance chasing came out top'

Laith Khalaf
clock 24 March 2025 • 4 min read