RBC Brewin Dolphin has enhanced its Managed Portfolio Service (MPS) with the addition of RBC Brewin Dolphin Blended MPS, which seven new, risk-rated model portfolios.
The new service will use a combination of actively managed funds and lower-cost index funds. The ‘blend’ element aims to enhance long-term investment returns through actively managed funds whilst reducing the overall cost through index funds. It will be rolled out on a phased basis with an underlying OCF ranging between 0.26% and 0.27% depending on the risk level, the company said in a statement.
The seven model portfolios will be rebalanced monthly in line with the current MPS range to reflect market changes and the central investment team’s asset allocation decisions. As it stands, Blended MPS is currently available on 18 platforms.
Antony Champion, head of intermediaries UK and international, RBC Brewin Dolphin said: “In an evolving market, we continue to listen to the needs of advisers when we enhance our investment propositions. We are, therefore, pleased to offer advisers our RBC Brewin Dolphin Blended MPS, which gives advisers’ clients the same high-quality investment expertise and platform performance but with more choice to achieve long-term investment returns together with cost efficiencies.”
