Brewin Dolphin’s managed portfolio service has hit £1bn assets under management, increasing 62 per cent over the last year, as it eyes expansion into a passive version of the service.
Gareth Johnson, head of managed investment services at Brewin Dolphin, says: “Reaching £1bn AUM demonstrates the need for the service among advisers who are seeking to outsource day to day investment management while retaining full control of the client relationship.”
“We are now looking to extend the proposition further by launching a passive version of the service later this year, to further expand accessibility for intermediaries.”
The service has an annual management charge of 0.3 per cent, with clients able to choose from five risk profiles.
Advisers can access the service through 11 different platforms: Aegon, Ascentric, Aviva, AXA Wealth, Fusion, James Hay, Novia, Nucleus, Standard Life, Transact and Zurich.