British wealth manager Brewin Dolphin has rolled out a new D2C offering for customers who can invest up to £200,000.
Dubbed BrewinsDirect, the new offering will provide a low-cost service for customers with as little as £10,000 to invest, according to Fundweb.
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With this D2C service, investors can select from one of six portfolios based on their appetite for risk.
The service will charge investors a portfolio management fee of 0.7% per year, subject to a minimum of £70. It will also have an annual fund charge of 0.16%.
BrewinsDirect will offer free cash withdrawals on rebalancing provided one business day’s notice is given, after which a fee of £50 plus VAT will be charged.
In addition, the service will charge £15 per line of stock for transferring out, and £25 plus VAT to close an account.
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