The company said the agreement with Brewin Dolphin was part of a wider commitment to expand the range of services for financial advisers. However, the DFM service is only open to UK residents.
“The partnership with Brewin Dolphin means advisers looking to outsource investment management, can now choose from Brewin’s range of model portfolios on Aegon’s platform, leaving the adviser to focus on wider financial planning priorities,” Edinburgh-based Aegon UK said in a statement.
The deal means around 10% of the total assets under management on the platform is now invested via DFMs.
Online upgrades
Aegon said the addition of Brewin Dolphin followed recent upgrades to its online model portfolio technology, and a big expansion in its investment range.
“We will further improve Aegon’s investment offer in the coming year.”
Over the last year the company has added 488 new investments to the platform, including new funds, ETF’s and Investment Trusts. Aegon’s investment range now exceeds 4,000 different choices.
“The combination of (Brewin Dolphin’s) investment expertise alongside Aegon Retirement Choices efficient model portfolio technology and broad investment choice enables advisers to access effective portfolios online, managed by a specialist expert they trust,” said Nick Dixon, Investment Director at Aegon.
“We will further improve Aegon’s investment offer in the coming year,” he added.
Gareth Johnson, head of Managed Investment Services at Brewin Dolphin said the deal gives the wealth managers exposure to advisers seeking to make use of Aegon’s new technology and functionality and pair this with our award winning model portfolios.
In the UK, Aegon offers retirement, workplace savings and protection solutions to around two million customers. Aegon UK’s revenue generating investments totalled £59 billion as at 31 December 2014
