Brewin Dolphin is rebranding its managed funds service (MFS) as managed portfolio service, in a bid to bring it in line with the rest of the DFM industry.
The firm is planning to expand the range of portfolios it offers and making them available on wider range of platforms in the future.
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The MFS, which targets the adviser market, was launched in 2010 through the Novia platform.
The service has an annual management charge of 0.3% plus VAT and this will not alter following the rebranding.
Brewin Dolphin head of managed investment services Gareth Johnson said that after the rebranding, the firm will also look to broaden its current range of five risk-rated portfolios.
The portfolios, which are currently available on seven platforms, will soon be launched on Fusion Wealth. The company is said to be in talks with three other platforms.
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By GlobalDataJohnson said: "We are delighted to launch our newly rebranded Managed Portfolio Service via Fusion Wealth. Fusion Wealth has strong representation across a number of our key accounts and we are delighted to work with Ian and the team to make the models available."
A Fusion spokesperson said: "We firmly believe that the latest initiative between Brewin Dolphin and Fusion delivers an industry-leading solution for our mutual clients."
"We feel it is important not just to increase distribution but do this in a measure way that gives advisers, and their clients, comfort that they can access the models via a provider that has quality functionality to deliver the models," Johnson added.
