The discretionary wealth manager is broadening its appeal to financial advisers by unveiling a fund of funds range with a “diverse set of investments in one place”, it said.
The five funds will invest in equity funds to a varying degree, depending on their risk rating; plus funds that invest in fixed interest securities, alternatives and cash-like instruments.
It will mimic Brewin’s MPS but in a unitised fund structure.
The estimated ongoing charges figure will be between 0.78% and 0.82%.
The firm said the range combines the positives of Brewin’s fund of funds structure with the cost savings of a manager of managers approach.
Five levels of risk
The MI Brewin Dolphin Voyager range aims to deliver capital growth and income, with an appropriate level of risk for advisers and their clients.
The five funds are broken down as follows:
- MI Brewin Dolphin Voyager Max 40% Equity Fund
- MI Brewin Dolphin Voyager Max 60% Equity Fund
- MI Brewin Dolphin Voyager Max 70% Equity Fund
- MI Brewin Dolphin Voyager Max 80% Equity Fund
- MI Brewin Dolphin Voyager Max 90% Equity Fund
More choice
The range will be managed by the inhouse investment solutions team, led by David Hood, which also runs the MPS.
The asset allocation committee sets the long-term asset allocation; while the research team will deploy a quality screening process to identify external managers across active and passive.
Chief executive Robin Beer commented: “The launch of the Brewin Dolphin Voyager fund range is about offering more choice to more clients.”
