UK-based wealth management firm Brewin Dolphin has partnered with international platform provider Praemium, International Adviser can exclusively reveal.
Brewin has made its range of active model portfolio services (MPS) available on the platform.
The offering was rolled out at the beginning of February 2020 targeting intermediaries working in the Channel Islands.
Antony Champion, head of intermediary at Brewin Dolphin, told IA: “We’ve been working with Praemium and we have now launched our MPS models, the active range, on the Praemium international platform.
“At the moment, it is purely for the Channel Islands; we had some intermediaries over there that wanted to work with us, and they were on Praemium.
“It dovetails very nicely with the work we are doing with Guinness Asset Management.”
IA revealed last year that the wealth and asset management firms teamed up to make Brewin’s MPS available as a Ucits fund.
The Guinness Multi Asset Balanced Fund and the Guinness Multi Asset Growth Fund are based on Brewin’s Passive Plus MPS.
Portfolio services
Brewin Dolphin’s MPS range has seven risk models: cautious, cautious higher equity income, income, income higher equity, balanced, growth, and global equity.
It is usually available in both active (standard) or passive (Passive Plus) versions, but the active range is the one accessible through the Praemium platform.
Champion continued: “We have been running MPS for the best part of a decade, starting with three funds, then went to five, and then last year we went to seven, adding two more cautious, lower-risks elements.
“About three years ago, we launched Passive Plus, which is a more passive-type approach, but it’s the same asset allocation, it’s not a pure passive play because we still have active elements in it.”
Ben Lester, head of distribution – UK & International at Praemium, added: “We are happy to be working with an investment manager of Brewin Dolphin’s status, who have chosen to partner with us to promote their model portfolios on our international platform.
“We continue to work with the leading players in the market, such as Brewin, and look forward to building mutually beneficial relationships.”
The minimum investment for the wealth management firm’s MPS is either a lump sum of £2,000 ($2,564, €3,429) or £100 per month.
